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

To: Chip McVickar who wrote (33129)	11/10/1999 10:35:00 PM
From: coug	Read Replies (1) \| Respond to of 99985

Good evening Chip, From my work, we are within ONE day of a July type top, So putting my money where my mouth is. We transferred my wife's 401K from th SnP index fund back to the fixed.. I have sold all my my trading positions, and damn near all the long term holdings except some Oil and golds. So others know this is not a gut feeling, I work with my interpretation of index derivitives..the Beta, Up vs. down volume and the VIX and a couple of other things.. on 30 and 60 min charts.. It's just my call, and it shouldn't mean jack to anyone except me, SO don't pay any attention to this everyone.. I just want to waste some bandwidth.... We will see and Good luck Chip on your picks.....c

To: Chip McVickar who wrote (33129)	11/11/1999 9:29:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Chip, his mathematical models seem compelling, however, I always see people who follow cycles to carefully miss important turns. I think the sentiment here makes the case for a larger correction than most are expecting. on a history rhymes theme, you can take a two year nasdaq chart and match up the 98 topping points exactly with the topping points of the run into this one. The July 99 topping point corresponds to the april 98 topping point, the october 99 corresponds to the june 98 bottoming point where people got very bearish, and this peak forming now corresponds to the July 98 topping point, where the sentiment took a quick swing back to extreme bullishness (capitulation) bb