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

To: fedhead who wrote (27184)	9/25/1999 8:50:00 AM
From: bobby beara	Respond to of 99985

Anindo, AOL is still below it's 200 dma and declining tops,has significant resistance overhead, remember at the July top everybody got hot on the netz and were saying the were going to break out, i believe this is just another bear market fakeout. AOL has never in it's history had such a lengthened downtrend, has the trend changed, i believe so. Yhoo has a complex h&s pattern with the center head from Feb thru June and double right and left shoulders. I wouldn't hang my hat on the netz being a safe haven. timely.com This is a parabolic blow-off with a distribution top, momentum peaked in January, volume peaked in April, breadth peaked in November, bears are extinct and the best insider traders (goldman sachs) sold out months ago and now are buying gold bway.net Everybody is trading on the 5 minute chart and is not looking at the big picture, we have a Dow Theory Sell Signal and it seems everybody is more eager to buy -g- bb