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

To: pater tenebrarum who wrote (19155)	7/2/1999 10:18:00 AM
From: Les H	Read Replies (1) \| Respond to of 99985

CHINA INVESTORS STEAM UP A report in a Chinese newspaper this week highlighted the dangers of elderly Chinese investors overheating during the summer months while watching their stocks rise. As Chinese stocks hit record highs this week and temperatures in Beijing averaged 38.3 degrees Celsius, the Beijing Morning Post reported that elderly investors have been monitoring their investments in poorly air-conditioned rooms. "Elderly stock investors with health problems should watch their health during the current heatwave," the newspaper quoted district hospital doctor Wang Peiyang as saying. quote.yahoo.com^SSEC&d=3m 3-month chart of Shangai Stock Index - up nearly 80 percent in 1 month but appears to have made a major reversal in the last week --- looks like the elderly will also need to watch their tickers as well as their tickers

To: pater tenebrarum who wrote (19155)	7/2/1999 10:20:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Heinz, i don't believe that we will have a blow-off, because the crowd, both bulls and bears expect it. The top has to fool the crowd. the blow-off has been priced in, i believe today or after the holiday will be the top, i can count a minuette wave count on the xci that would allow another small leg up. The inverted H&S pattern on the NUTZ is way too obvious and has got to fail (they do in bear markets -g-) with so many people maniacally buying calls what should a contrarian duuuu? -g-