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

To: Robert Rose who wrote (19019)	7/1/1999 12:56:00 AM
From: Tai Jin	Read Replies (1) \| Respond to of 99985

The Naz weekly chart shows a MACD and STOCH divergence. I take that to mean that this will be a top and it could be THE blowoff top. AG must have known that a 25bp increase and neutral bias would spark a rally. How much more overvalued does he want the market to be before they raise rates again? I think he's just setting up the market for a bigger crash down the road. ...tai

To: Robert Rose who wrote (19019)	7/1/1999 1:24:00 AM
From: Stephen	Respond to of 99985

Robert ... I live in the Bay Area .. and in the small city where I live houses are being bought for incredible prices .... even the ones in poor condition are expensive !!. A couple of houses on the street where I live have gone for 50%+ more than they would have at the beginning of the year imho. I have a large sense of doom about this situation ... art, real estate & equities ... all peaking and all dependant on a never ending over leveraged house of cards.. Ah well ..... Stephen

To: Robert Rose who wrote (19019)	7/1/1999 8:14:00 PM
From: StockOperator	Respond to of 99985

Robert, Thanks for the link. Your post on CA real estate prices is very enlightening, and btw I believe it is true for many states around the country. I was watching CNN the other day and they ran a story about the latest craze in home buying. It seems that many Americans are opting for the six to seven thousand sq. ft. homes, while yet adding an additional $150,000 in amenities. Too many have made easy money on wall street, and after this next run-up investor sentiment should once again be completely out of wack. The combination of easy money plus Y2k or any other potential problem that may arise could very easily cause a single day's loss of 1,000 pts on the dow. I do believe the next decline will be unforgiving, besides having a very brief window to react. Of course this is all speculation, but I do believe that the makeup of this next advance should tell us much about any potential future correction. Profitable trading. SO