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

To: Berney who wrote (27287)	9/26/1999 2:44:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Berney, i don't follow the GE non confirm hypothesis, because i believe that the thinning nifty market will squeeze the money into the remaining quality issues and that is what has happened. The a/d lag is in a synonymous time frame of the 29 and 73 & 87 top, nothing new has ever been invented, there are no new eras, they just give everything a new name to confuse everybody. When the crowd reaches the decision point to sell, they will all be piled in the narrow number of issues that brought them there, and in panic october cycles they all make that decision on the same day or over a week. That's my Larry tightening bias, look at the chart and think about it, the federal reserve has never in it's history been so communicative about it's intent (other than in this very nervous superovervalued market that has surpassed historical precedent 1929 Fed Chairman Warbug's "irrational speculation" speech of the winter of 29 and his new era partner's "irrational exhuberance" speech by three years) hard hats and flak jackets are the fashion du jour. bb

To: Berney who wrote (27287)	9/26/1999 3:09:00 AM
From: bobby beara	Respond to of 99985

Craps, berney i started thinking about your oex and looked at Cokes chart which after this mega correction is still selling at 40x on declining earnings, the H&S pattern it's sitting on, points to below the 94 levels. craps i just feel like buying into the Dow Theory Sell Signal on margin after seeing dat -gggggg- and how's about chargin some ndx calls on my mastercard -g-

To: Berney who wrote (27287)	9/26/1999 7:41:00 AM
From: donald sew	Read Replies (5) \| Respond to of 99985

Berney, >>>> John Murphy, indicated Friday on CNBC that his research showed that there was a considerable lag between the break down of the infamous A/D line and Mr. Market. <<<< I have also heard that from others like BOLLINGER. If I recall correctly, it was mentioned that the divergence between the Advance/Decline and the market has lasted as long as 1.5 years in the past. Interesting to note that the the current divergence started in APRIL of 1998, so right now would be about the 1.5 year point. Heres my strong comment on the ADVANCE/DECLINE - How many times have we heard from many analysts that the A/D doesnt matter? Since the divergence has been so long - IT DOESNT MATTER!!!! Here's my point - EVERY DAMN FIRM has technical analysts working for them, and I am positive that those analysts in EVERY FIRM had some concern over the divergence of the A/D, at least some concern. However, quite a few firms came out and made STRONG EXPLICIT COMMENTS that the A/D DIVERGENCE does not matter AT ALL!!!! My position is that they were LYING and MANIPULATION THE MARKET!!!!!!! Im not saying that this is definitely the beginning of a bear market, but it is sure starting to look like one. Just saying that SOME INSCUPULOUS ANALYSTS have alternative agendas and do try to MANIPULATE the market, knowingly. seeya