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

To: Jerry Olson who wrote (27225)	9/25/1999 5:09:00 PM
From: bobby beara	Read Replies (4) \| Respond to of 99985

Jerry berry, i am so bearish i can't see straight -g- I think i'm right this time, but will flip my beanie lid if we put in a bottom here. I believe we will see 9250 dow and 1150 spx next week. Looking at the banks and brokers I think the market is anticipating something that everybody is hiding their head in the sand about and saying this time is different, charge my 40,000 gas guzzler on my AMEX and some OEX calls to boot, i don't need to put any money in my savings account since the market only goes up. We have seen a rotational correcting market as one sector after another has been topping out, while the indexes have put in numerous bearish patterns since the November high, each failed pattern has caused a few more bears to throw in the towel. Finally the only sector going up on the right shoulder is tech and everybody loves tech and everybody is overweighted in tech. Crap how many distribution patterns do I have to post for you -g- I forgot to mention, Frank Barbara got an Enhanced Titanic Signal on 8/25, stupidly, i stopped taking his newsletter as my subscription ran out in June and he had been bearish on the whole rally and threw in the towel in June saying "tech stocks look robust", it just pissed me off, Dennis can relate. His going bullish, along with Richard Russell and several others, helped me solidify my resolve that we were making a top in July and help me stay bearish until 8/10, when i went back on the long side. The titanic indicator was a hot topic on this thread in February and March, but not now that everybody has thrown in the towel. His enhanced titanic filters out all the failed normal titanic signals with a couple of additional indicators. Another thing he mentioned on technically speaking recently was the study of the decenniel 10 year cycle as it is in opposition to the presidential cycle that has kept McCllellan bullish. An asset class tops out in the 7 or 9 year and you get a recession normally in the 02 year. In 79 commodities topped out, recession 82 In 87 stocks, 89 real estate 92 recession . . . . I believe the stock market is discounting this as we speak and only fools think that the business cycle has been repealed, and the Dow is going to march straight to 100,000 with only 10% corrections. bb