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

To: pater tenebrarum who wrote (18865)	6/29/1999 10:31:00 PM
From: bobby beara	Respond to of 99985

OK Heinz you talked me into it, tomorrow around 1362 i get out of my longs, just in case it's an abcde, there is also a gap in that area on the futures, that needs to be filled. bb

To: pater tenebrarum who wrote (18865)	6/29/1999 11:28:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Heinz, I'm thinking about throwing in the towel and changing my name to bobby bulla -g- Let's face it the 98 bottom was a 4 year cycle bottom and that level of oversold has put in a floor for a while and we need to get back to the overbought level of 4/98 before a crash can happen. Here are some of my reasons. Value Line Geometric has been consolidating above the april 98 high and now is looking to move up. asiachart.com Japan is showing great volume breaking out of this bottom and now has a H&S pattern that projects to the 1996 high around 22,000 (GOLD -G_!!!) Hang Seng retested an h&S breakout on 5/28 and now rallied, this pattern projects to 17000 area, new highs on HSI. When you look at the monthly SPX chart from 1995 we have traveled in a narrow range, with a breakout only below the range for the 1998 crash. If you look at the monthly Hang Seng Chart same thing, but a terminal breakout upside out of the channel, then crashola. Oh oh, i think i am becoming a mini-chuk -g-