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

To: bobby beara who wrote (20581)	7/20/1999 4:11:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Bobby, it was obvious from the reaction of many stocks to their earnings and the low put/call ratios that a pullback was overdue. is it the beginning of something major? i'm not sure.

To: bobby beara who wrote (20581)	7/20/1999 4:15:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

as i have remarked before, neither the breadth indicators nor the NH/NL were in bull market status during almost the entire advance from october. the sentiment indicators otoh were regularly at extremes not seen since '87. hb

To: bobby beara who wrote (20581)	7/20/1999 4:18:00 PM
From: pater tenebrarum	Respond to of 99985

conclusion: we must be prepared for all eventualities here. we may not yet have seen THE top, in fact many pundits expect higher highs as early as august. however, i'm open minded about this. regards, hb