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

To: Chip McVickar who wrote (33242)	11/11/1999 11:12:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

Chip, i'm throwing in the towel (oops i just read wisdom's post and those usually happen at tops!!!) Off the october lows i posted this question, ABC bull market correction or a new downtrend in the making with the contrary indicators that indicated some kind of bottom. members.bellatlantic.net I turned bullish shortly there after during the first big market up day, then last friday after seeing sentiment turn ga ga bullish (which looks to me was wave 5 of 1 up on the oex) and the naz make a doji off the top trendline, i thought this looked like a reversal point - which it wasn't This chart gives the great impression that we had an ABC correction with a volume gap across the channel and a retest on lighter volume. decisionpoint.com The nas i am having a hard time reading, but wisdom's post gives me the feeling that we should soon see a sizeable down day in the nas that will shake up the overconfident bulls. bb