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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Terry Whitman who wrote (11988)	4/28/1999 10:11:00 PM
From: bobby beara	Read Replies (1) of 99985

TW, thanks for the heads up on the businessweek cover. The last time a bull was on the cover of the rolling stone -g- was April 98. Still trying to figure out the wave count in the NUTZ, because i believe this is the key, now that AOL's market cap is near American Telephone and Telegraph. I REPEAT Telegraph -g-. New Era? -g- It's possible that we made an orthodox wave 5 top in January on the NUTZ and that we are having a B wave into the April top (similar to the B wave to the August 1929 top) The market is very segmented with traders loading up on oex putz and nutz and techs calls. Tech looks in trouble, i bought dell on last weeks dip and watched it rally on half volume and excellent news (ibm and market share) i stopped out on monday. nets are all selling off on "good news", all priced in? The Rut has a very clean five wave count off the 3/23 low and is finding resistance at the June 98 lows, i would expect a consolidation here or a sell-off soon in the rut. Major oils have broken out of two year bases on big volume and gaps and have sucessfully retested which adds another piece to the puzzle. did any of you net nutz see the nice triangle on AA it broke out of this week -g- bb

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