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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

+0.1%

Nov 12 4:00 PM EST

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To: Compadre who wrote (14410)	5/19/1999 9:28:00 PM
From: Jerry Olson	Read Replies (4) of 99985

Gee whiz Jamie a major league BULL in a china closet of closet bears<G>.. man you are bulllish huh???i put an extra l in bullish for ya...:>} The SOX index??? breaksout.... weak??? yeah right...semis are "THE" BEST sector to be in right here and now...we have an amazing amount of stocks rockin' and rollin' UP!!!! in that sector... Volume has no bearing<g>...on this next leg up..it had bearing on the recent pullback.."IT was NON existant"....<g>.. I have a divergence of indicators telling me 2 things... First we're going higher right from here..how high?? i don't know and can't guess..i'm a P&Fer...we follow, guessing is left for all the gurus out there...the techies... Second...2 early warning P&F indicators have turned DOWN in a column of O's from the tippy top recently...this suggests a pullback to the middle of the bell curve... just think..if the bonds rally and the markets rally..this could be one hellof a rally<g>... i looked as several charts..SPX-OEX-S&P's etc..they are setting up in bullish triangles for an explosive move UP...it's tradable for now... but we will selloff soon...and my "guess" would be 10,250-300 level..a nothing pullback....in the scheme of things...from the lows of Oct 8th 98 at 7400...to the highs ?????11,+++++ 4000 points UP, and a 1000 points or so down...means NADA-ZIPSKI-ZILTCH-ZERO... it's normal action in the Bull Market of 2000 and beyond... so while we should trade it to the hilt..just keep one good eye on it, as it tops out soon... good luck as you wade thru the constant bearishness that still exits here...except for Bobby Beara..he changed his name to Bobby Bulla... only kidding guys...don't get crazy....i'm just wackie as ever... my regards to all... oh i'll bet AG never raises rates one time this year....

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