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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (16421)	6/8/1999 12:35:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 99985

LG, This post of Vitas corresponds very nicely with Donald, Carpino, P&F, and your read. If we put in a double bottom next week, imo the market will explode. exchange2000.com (been lurking lately and, once again, really appreciate everyone's contributions)

To: HairBall who wrote (16421)	6/8/1999 1:18:00 PM
From: James Strauss	Respond to of 99985

LG: I'm increasing my overseas exposure... The agreement by all sides today in Germany should give the International Markets a pop... Jim

To: HairBall who wrote (16421)	6/8/1999 1:19:00 PM
From: pater tenebrarum	Respond to of 99985

LG, my view is similar to yours; i also expected more of a correction which didn't materialize and now the sentiment indicators seem to say that we will rally further and pullbacks will likely be contained. i also think that a larger correction would have been better for the market's long term health. if it continues to rally from here, i also second the view that the subsequent hangover will be one of major proportions. my favored scenario from here on out would be an attempt to retest recent lows, without actually reaching them, a strong rally afterwards that sets new highs and is accompanied by the usual excesses. these are: a further rise in margin debt, a run of the DOT back to it's highs, and strong signs of capitulation by the bears. once that stage is reached, a Y2K related BK is entirely possible, in fact this is what i currently expect to happen. we may now be setting the stage for the blow-off that has been so much talked about. if so, the rally could go very far, very fast. the last leg up in a long term bull market is always the most impressive, just look at a chart of the nikkei. regards, hb

To: HairBall who wrote (16421)	6/8/1999 1:27:00 PM
From: bearshark	Read Replies (4) \| Respond to of 99985

LG: The various things I do are in neutral to moving up. Today, the DOT and the IIX will not give me an intraday sell signal. They kiss it and turn back up. They both sit in longer term neutral. The INDU--as of now--will not give me an intraday buy signal. However, on a longer-term, it is slightly positive. Other things are right in neutral. I sit here waiting for one last signal from the INDU to go long.