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

To: Berney who wrote (21017)	7/24/1999 7:37:00 PM
From: bobby beara	Respond to of 99985

Berney, more ju ju bees?, this coming week last year, the transports broke below their previous reaction low, then the Dow followed in the first week of August on big volume registering a Dow theory sell signal. Two important groups brokers & banks which did go to new highs with the Dow last year, did not this year. important week coming up bb

To: Berney who wrote (21017)	7/24/1999 8:17:00 PM
From: James F. Hopkins	Respond to of 99985

HI Berney ; I don't know why your long but your not alone, I'm both long and short ( hedged ) and I'm selling calls , if she moves down some more I'll be selling puts, ( when the vix gets high ) . If you were long all last week then the why is a real puzzel , I played for the bonce Wendsday but wasn't able to unwind fast enough to keep from backing up. Your post isn't boring but I haven't had time to digest it yet. However I doubt we get the same percentage thingys to say we are going up or down any two times in history. What I'm looking at has the Dollar breaking down ( so far ) and that is the basic simularlity with what I saw last year. Other than that there are many differances some not as bad but some worse. Like we never have fixed the crossed sword divergence that happened in April, by God that will fix before this market makes any break out and if it don't we will see shades of 87 again. Until the crossed swords fix the higher we go the harder we will fall. As the market don't have the liquidity it did when it went into correction mode last year. This year if Spam don't use slight of hand we could see the 30% correction ( that we really got last year but was hidden behind a falling dollar ) ------------------------- If we are going to gauge the indexes and keep things apples to apples we need to over lay or adjust the highs and lows to the dollar index, or we just see the voodoo put out by the witch doctors. ------------------------ Remember BIG money is not playing the market like J6P, they are into currency swaps and look at the indexes from another angle than the pablim we get from CNBC , or any of the so called market gurus who seem to ignor moves in the dollar and have less savy about the reality of liquidity in the markets than the pimple on my rear end. ------------------------ IT's alreasdy been pulled from Yahoo but Wed the Fed intervined in behalf of the BOJ to kill the YEN..this was criminal in nature but people are taught to think they are acting in our interest, It's set up where one blames the other but it's a "cult" and that trick is as old as any con game going, but it still works because people don't want to belive that the boys in power are criminals. Any way for any leveraged forex trader not in the Cult, who was long the Yen when this little 15 min surprise attact came went to the poor house, ( in 15 min. ) then they put the Yen right back up, as it was never ment to be anything but a rip off. With out a TOBIN tax on currecy swaps you may as well give your heart to God because the cabalistic bankers own your arse, and they don't care if you don't know it. Jim