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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

+0.1%

Nov 12 4:00 PM EST

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To: pater tenebrarum who wrote (10063)	4/6/1999 10:19:00 PM
From: bobby beara	Read Replies (3) of 99985

heinz, been looking at many nutz charts, I believe we should have another boffo day tomorrow in selected ones, the reaction in yhoo looks like wave 4 correction. I bought AMTD this afternoon, because I expected this pullback before the final push. Techs and internets have made a pattern of topping a couple of days after the Dow at major tops. I don't know about AOL, it could have another run up tomorrow also. We could even go into the morning of the 8th. The topping pattern in the DOW and OEX is very bearish, if fulfilled we should have a major sell-off coming up in the not too distant future. Galbraith's Bang, not a wimper! Q would make a Yahoo turning point! (and make MDA go over 10,000) -g- I also have an alternate wave count of the OEX that counts the run-up from 12/14 a fifth wave rising bearish wedge, which clears up the ugly count in the index. bb

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