MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: KM who wrote (15820)	6/3/1999 7:01:00 PM
From: bobby beara	Read Replies (2) of 99985

KM, no i am going for the bottom of the feb correction as support for the nutz, both amzn and yhoo are traveling in parallel channels down and I don't see any real support till the feb lows. these have been leaders and i would expect them to also point to the supports on the downside. once they break the channels to the upside we could have a relief rally and make a right shoulder basis the January shoulder before we get the complete internet debacle. People who have fallen in love with internet stocks are going to fall in disgust now -g- look at just about every IPO over the last six months, taking the public to the cleaners (Internet Ponzi O'Scheme -g-) bb

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