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

To: donald sew who wrote (18072)	6/21/1999 5:25:00 PM
From: bobby beara	Respond to of 99985

Donald, from Schwagger on Futures - Technical Analysis. Failed Signals: Bull and Bear Traps. A failed signal is among the most reliable of all chart signals yadda yadda yadda . . . Bull and bear traps are major breakouts that are soon followed by abrupt, sharp price reversals, in stark contrast to the price continuation patterns that are expected to follow breakouts. The Dot broke thru it's neckline and on June 15th made one of those reversal patterns candelstick crosses (can't think of the name -g-) and i believe today took out the downtrendline.. The Dot.x may appear to be the weakest, but it may have just gotten more yang and had the have the yin taken out of it -g- if you look at the leading gainers the internet indexes are at the top over the last several days. Just like we got bull traps on Yahoo and Amazon in April, i think we just got a bear trap. bwdik bb

To: donald sew who wrote (18072)	6/21/1999 5:31:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Don, improving internals are one of the hallmarks of a blow-off. we will get them, and they should only be trusted to some extent. it will be fiendishly difficult to determine the top. we may even get a situation where the a/d line continues to improve for a little while after the indices have already topped out. that's of course only speculation at this point, but it has happened before. btw, the strength in the japanese market is another hint that cyclicals will join the rally as well, so the foundation for improving internals is certainly there. regards, hb