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

To: donald sew who wrote (22633)	8/10/1999 7:10:00 PM
From: pater tenebrarum	Respond to of 99985

Don, you certainly did make sense, and let me add that a slightly upwardly biased zig-zag during which the oversold technicals get relieved would be just as bearish as last year's... there could be some exogenous surprise however upsetting that picture, and i do not necessarily mean a negative surprise, e.g. a PPI below expectations could ignite a sharp rally, whereas a war between China and Taiwan(just e.g., i don't think there WILL be a war between the two beyond the war of words) would initiate a premature breakdown. in the meantime your idea of the market continuing to fool the majority of participants looks very appealing to me... regards, hb

To: donald sew who wrote (22633)	8/10/1999 10:04:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

donald: I think what you said echoes what I posted earlier...consolidation pattern! (I may have posted it in the chat room.) Its time... Regards, LG

To: donald sew who wrote (22633)	8/11/1999 3:36:00 AM
From: TWICK	Read Replies (1) \| Respond to of 99985

donald, my thoughts in J6P terms... J6P plan #1. J6P sold at the lows last Oct. 1998 and does not want to repeat that mistake again. That's why the lack of selling. J6P is hoping, or should I say expecting, for another Fall 1998 correction where J6P, once J6P feels a bottom has been tested and re-tested, will dump that "sideline" money into their beloved 401K's, mutual funds, and "oversold" Internuts to fianlly ride that missed rally to new record highs. Once J6P has reached the top, which most J6P's feel is right around 12,000 (nice round number), the selling will commence so J6P can say he/she timed the market correctly this time. That's if J6P can spot the top and not let greed and fear take control of that ingenious plan. lol J6P plan #2. J6P has sold some, but is still holding on to "the core position". You know the high flyers that are doing so well right now. The still overpriced, overvalued, and the revenues-don't-matter Internuts. J6P is keeping the recent profits on the sidelines, waiting for January 2000 to buy "big time" those then way oversold darlings they so blindly bought at their April peaks. Actually, I'm serious about this, because this is what I here all the time when I talk to my fellow J6Ps at work, at the local coffee shop, in the investment section at the local Barnes & Noble. Twick