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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.70+0.7%Nov 26 4:00 PM EST

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To: The Perfect Hedge who wrote (14316)5/18/1999 10:09:00 PM
From: bobby beara  Read Replies (3) of 99985
 
Athm/xcit looks interesting, i think ibm has one more leg up, if we can get another blast up i believe the nutz brokers will be the place to be, i'm keeping an eye on tscn, pqt, ndb, sch etc.

possible IBM wave count looks as follows.
from June low, wave one into July.
Wave 3 into january,
Wave 5 current.

Intel has a similar chart pattern, thats why it has a possibility of a new high.

In 1987 the techs made a big move up, a triangle then a false breakout of the triangle to marginal new highs, then kaboom.

it's possible the nets may do the same, but you may have to guess on the right ones if this happens, look at the xci going nowhere while ibm and hwp are popping, tell me about improving breadth - yuk -g-

The nasdaq making a another new high on the backs of nutz without MSFT xci et al would be a sign for me to get onboard the atomic train -g-

bb
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