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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: donald sew who wrote (14100)	5/16/1999 3:47:00 PM
From: Robert Rose	Read Replies (4) of 99985

I need more confirmation but I feel that this could be the beginning of the ending process of the INTERNET MANIA. <This process could take several months. Im using the DOT.X as the judge for the INTERNETs and believe that the highs around 825 was the top. Again, I still need more confirmation and a break below the current TRIANGLE in the DOT.X would probably do it. Im not saying that the internets will go straight down just I believe the topping process has already begun.> Donald, with all due respect, you have been saying such for months and months. Was it not so many months ago (about 6?) that you were suggesting an inet blowoff top when the dot hit 450 or so? Of course it is easy for me to play armchair quarterback as I read your posts at my leisure and choose now to make such a comment. Nevertheless, I have felt this way for quite some time, so now I am voicing it. Moreover, I have put my money where my mouth is and the result has been a 15-fold increase in the last 18 months. I know you are a TA guy, and a very good one whose posts I always read. Nevertheless, to ignore the fundamental story that is transforming all of our lives strikes me as short-sighted. Do I expect my net worth to increase another 15-fold by continuing to hold my inets over the next 18 months? No I do not. But looking at the fundamentals, yes, I would suggest that a triple would be very conservative. Anything more would of course be welcome frosting. And at this point my biggest problem is taxes, needless to say. Warmest regards and keep doing your great work. Rob

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