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

To: TWICK who wrote (24071)	8/28/1999 6:42:00 PM
From: P.Prazeres	Respond to of 99985

If you are lookin for data, I've got data going back to 1901...send me an email and I'll send you some data. paulo@edgenet.net Paulo stockmotions.com

To: TWICK who wrote (24071)	8/29/1999 9:06:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

I was more interested in chasing after girls, driving dad's car recklessly, and surfing. I have no meaningful data and facts to compare current charts and market data to those years. Ahh the good ole days -gg- Twick, Paolo already gave you a data sources, you could also compare the historical charts on decision point, don't know of any books on 87, but the library has plenty on 1929. Interestingly the drops off the 1929 and 1987 peaks formed inverted H&S patterns, just like we have now, which brought in the last bulls looking for higher highs, then rolled over and crashed. I believe the rallies were more parabolic going into 1987 and 1929 and the possibility of that kind of crash was more possible off last years peak, also the level of bearish advisors at the top was about 5% lower than this years low - more trapped buyers creating overhead supply. There seems to be a lot of bearishness, but if the environment has changed it may not be a contrary indicator until it gets really thick like around August 10, when everybody was bearish, now a lot of people are just fence sitting (me too -g-) A couple of top timer permabulls, wollanchuk and todd, used this rally to sell. This rally was too parabolic to be sustainable, i believe we is headed to retest the meatgrinder support. bway.net Here is my latest on bellweather intel - posted to Haim's Chicken Page, which is an unsustainable parabola off the 50 low as many tech leaders are while they carry the load of the indexes. bb