MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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To: yard_man who wrote (11959)	4/25/1999 11:01:00 AM
From: bearshark	Read Replies (2) of 99985

Tippet: It looks to me like we are nearing a top. I think we have a shot at 11200 on the INDU sometime within the next 30 days and that is it. That is not saying much because IBM can do nearly all of that itself. However, the averages could just sit at a plateau for a while. From what I see, we are more than half-way through the current move in the INDU. I am looking at patterns on the NYSE for which I cannot find a precedent. I am watching the DOT and the Idea of the Day thread. The internet stock action will decide the fate of the market. I think the Idea thread is an excellent way to view the thoughts of these traders. The mentality and philosophy of the internet traders is now making its way into the INDU. Eventually, a 300-point daily INDU range will seem blase. The trick is to take advantage of this action until the music stops. Good luck to all.

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