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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: bobby beara who wrote (66294)	1/10/2001 2:02:34 PM
From: eichler	Read Replies (1) of 99985

bobby, na mon, da jamaican 900 peeple an da moondudz r not en da same houz. Dey iz no relashun. Ya know, late 1999, when the fed pumped $ into the system big time (but I was not a student of these indicators at the time) against the Y2K fears, I was playing Russel 2000 stocks which were doubling and better all the way to the spring 2000 Naz highs. If I recall correctly, they also lead the way getting trashed by the bear. Aside from the dial-a-900-moondude recording, I am noticing the Russel index having put in a higher high and what (if today's action holds) appears to be a higher low as well, on the daily chart. A number of POS (under $1) stocks I watch have been noticeably rallying for the first time in I ferget. Some have doubled and tripled in price (dwch for one) off their lows of slightly more than a week ago. More seem to be joining the party. Methinks this is a possibly bullish divergence in the broader markets, perhaps the small cap stocks are leading the way up now as they led the way down (in % loss I'm thinking) in the spring. While I won't be holding my breath waiting for perhaps another non-materializing rally, I am encouraged by the overall landscape (tho there are plenty of negative factors) with the fed lowering rates at the same time as pumping the money supply. I am currently thinking we have seen the worst for the time being. Many charts appear to be in the bottoming process, maybe we get a rally which breaks the downtrend on the naz daily chart in the next couple of weeks.... Eichler Watz da beara indicator sayin today?

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