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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: StockOperator who wrote (5920)	2/10/1999 12:03:00 AM
From: bobby beara	Read Replies (2) of 99985

SO, i respect your analysis, but au contrair >>>Todays action, however brutal, was not a break of the longer term trend (from the Oct. bottom)<<< as i posted earlier, the tech indexes are trending up from the october bottom at very near the angle of the rocket ship of the 6/15 bottom into the july top. this is a parabolic blast, when the parabolic trend is broken, it's time to break out the heavy plutonium and blast pesky tech stock overvalution -g- popular media talk about the bull market and the economy will be absorbed. Peter Lynch will be absorbed. Al the Tow Truck Driver will Be Absorbed. and Yes John Elway will come back for a THREE-Peat and probably make it and send us into one of the worst bear markets since the 30's. bb

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