MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.27

+0.3%

Jan 15 4:00 PM EST

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To: HairBall who wrote (15356)	5/30/1999 11:46:00 AM
From: bobby beara	Read Replies (2) of 99985

LG, i think it means we should all change to discover brokerage and dump etrade, the etrade guy watches his .com stock zoom up, then tells the boss to take this job and shove it, then he goes back to his computer and the stock did a NTBK -g- how can you expect a brokerage like that to make you money -g- i'll take the island domain and the helo-pad on the front lawn -g- iqc.com for j.o., looks like a clean five waves down (we haven't reversed enough to call it finished yet though) and a rough .382 retracement of the move up from feb/march (would have used the word "leg" up but i don't wan't to get vital all excited again -g-) With the spx this oversold, and what looks like climactic selling last week and plenty of contrary indicators around now with .bomb and meeker downgrades, and the nasdaq correction was highlighted in the bus section of la times this week. I believe we have a minimum put in a bottom for several weeks, whether that results in a turning point or a trading range that leads to further selling is a flip of the propeller. bb

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