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

To: HairBall who wrote (31304)	10/25/1999 9:32:00 AM
From: SOROS	Respond to of 99985

OK. I'm convinced. I'm going to all cash today except GBLX because I think they will soon be gobbled up at a premium -- oh, and SRV because everybody dies and they are going slowly back to previous highs and they are safe in bull or bear and I just want to keep it. Call it old man's intuition or senility. Either way, it's my money, and I can stuff it under my mattress if I want. Perhaps it's something in the air. I remain, SOROS ps I sure am confusing these days

To: HairBall who wrote (31304)	10/25/1999 10:33:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

To All: A couple of charts to keep an eye on over the next few days. Plot the trend lines on your own software. The futures data below is available real time for free. QChart - S&P E-mini 30-Minute Semi-Log Chart homestead.com QChart - NASDAQ E-mini 30-Minute Semi-Log Chart homestead.com ------------------------------------------------- My QChart Trend Lines Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. ------------------------------------------------- Regards, LG

To: HairBall who wrote (31304)	10/26/1999 12:56:00 AM
From: Vitas	Respond to of 99985

Larry, I'm more inclined to think that this will not be a prolonged grizzly "real" bear market because of the 40 year cycle and because the weekly 1% ema of a-d was 50.25 at the market high in July. On 1/12/73 it peaked at -8.57, a failure under zero, after having reached 83.27 on 3/11/55, 18 years earlier. It peaked recently at 101.24 on 4/3/98, and 102.04 on 10/3/97. At the market high on 9/13/29 it was 6.52, close to zero, after peaking at 39.86 on 5/11/28 (based on data from 1926). It would appear that the strength from a couple of years ago needs to dissipate. It is currently at 16.36, close to taking out the 12/9/94 low at 13.94 at which point the next stop would be the 10/12/90 low 4.10 There still could be substantial damage. Vitas