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

To: Compadre who wrote (20622)	7/20/1999 7:02:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

Jaime, what were the odds of getting a 55 day fibonacci correction from the jan 6 top to the march 3 bottom, just like last year with the april-june correction, and we aren't replaying the 98 top exactly, if that was true, we would have topped april 6th, 34 fibonacci days from the bottom - like last July, which is where AOL did top and MSFT made it's first peak. maybe this is one degree higher top, so we needed another fakeout, i have been commenting on the small size of the inverted H&S pattern on the mcOscillator and the weak follow thru to 80, we have declining tops on the Oscillator with rising indexes, at some point this divergence will show up and it may be now. also I believe the nasdaq made a tiny break upside the Oct97-April trendline in July 98 and reversed, which we have done with the upside of the parallel channel using the jan and april tops, if this rising channel was to be a bull flag we should take it out convicningly and retest it to make it support, it was mashed in the last two days. The real reason it think this is TEOTWAWKI is because Vitas was bearish in early march and now he's bullish -ggggggggggggg- and i never dis Count Chockula -g bb