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

To: pater tenebrarum who wrote (26530)	9/21/1999 2:12:00 PM
From: J.T.	Read Replies (3) \| Respond to of 99985

heinz, As for tomorrow's window, it ironically is the "last day" to fit in the six weeks after an annular solar eclipse and within five days of a full moon. As for the end of the month, it is my biased opinion that this "rounding top" which has been forming since April in most of the major indices is to be resolved in this window. On the one hand, you have had this internal decaying cancer within the negative breadth of the market and the some indices like TRAN, BKX and now UTIL break down. DOW and SPX have been in this confined trading range and will lead the next leg down of the break. No volume, overhead supply and no legs in any of the latest rallies. No gas left in the tank. Finally, techs almost always are the last to fall in a bull market. Techs being the latest information age stocks within SOX, DOT, IIX and NDX. If I am wrong and we don't crash within this period, it could set the stage of support for the next leg up that could last into late spring and DOW 12,000 and NDX 2,800 and beyond. We could certainly crash in October, but I believed the "break" if it occurs, will be resolved by then. I reserve the right to be wrong. Best Regards, J.T.