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

To: Bull RidaH who wrote (17707)	6/17/1999 2:49:00 PM
From: SE	Respond to of 99985

David, A little heavy on the glue, no? A steady diet of any one item can cause this kind of thing. You really should be more careful. -Scott

To: Bull RidaH who wrote (17707)	6/17/1999 3:13:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

David, you are proving to me that there are as many wave counts as e-wavers...let me stress though that i do find merit in the wave theory. i take it that you are not worried by the market's valuation or the Y2K issue. you see, my biggest problem with these overly bullish scenarios is that they all imply that the excesses already seen will be surpassed by even greater excesses. that is of course in the realm of the possible, but at some point the mania will end. i prefer to stick to Dow 13,000 as my most optimistic target. i also believe that it is quite possible that we will see a major correction before the market marches to this target. we shall see. regards, hb