MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

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Nov 26 4:00 PM EST

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To: pater tenebrarum who wrote (13335)	5/10/1999 10:31:00 PM
From: bobby beara	Read Replies (3) of 99985

Heinz, todays action in the internets, small caps, and mid-caps I think is encouranging for further upside. I have been thinking that the nine month cycle may be distored by both the plunge last fall and the crowd has become too aware of it. AOL has what looks like is areal nice ABC correction completed, with the final leg down 5 waves. The GIN (goldman-sachs nutzdex) bounced off it trendline and looks like it has made a successful double retest of the January high breakout point. Most of the techs and nutz are coming off rsi readings in the 30's which is historically has been a low risk entry point, I think there has been a decent washout of bullish sentiment in this nutz correction. I'm looking at some real nice bases on airlines, AMR has a jewel of a base, DAL looks like is consolidating for a move to new highs. Sector rotation is healthy and I think the rate thingy is creating a wall of worry. Disclaimer: if you are reading this you belong in the zoo (ha ha your already in the zoo -g-) moo zoo -g- PS: what do you think of ROS? dos vadawnna

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