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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

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To: Jorj X Mckie who wrote (7000)	2/24/1999 6:49:00 PM
From: bobby beara	Read Replies (2) of 99985

>>>Even capitulated and bought AMAT calls yesterday. (that is what probably triggered the turnaround).<<< Me too -g- I sold my BEARX position in my retirement account on Monday, in since feb 3rd, I had planned to hold it through the up period, but when we crossed over zero on the oscillator chart with three higher lows, it just looked really bullish for a breakout to new highs. It was a fakeout. Check out the NDX chart from 8/8/97 to 10/8/97, very similar pattern to the Dow from 1/8 to today, spread double top, with a fakeout failure to make new highs then kersplatt. 9650 fib holds, Geronino wins, time to break out the heavy plutonium and glow in the dark -g- bb

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