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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST

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To: StockOperator who wrote (12991)5/5/1999 11:52:00 PM
From: bobby beara  Read Replies (1) of 99985
 
SO, I'm tending to agree with you, I saw several failed bearish patterns in the nets today.

one net stock guy i follow went cash yesterday and had a flurry of e-mails complaining they were underwater and were probably panic selling.

and then you have the Dow theory guy still bearish from august 98 as the trans makes a new high -g-

If we do go to new highs in the net indexes this will definitely be wave 5 from the sept low and will be time to get very short and buy a bomb shelter -g-

bb
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