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


To: HairBall who wrote (33246)11/11/1999 11:14:00 PM
From: Gary Wisdom  Read Replies (3) | Respond to of 99985
 
You're right LG. The following post was extremely professional. Shame on me for responding likewise.

techstocks.com



To: HairBall who wrote (33246)11/12/1999 12:29:00 AM
From: GTC Trader  Read Replies (1) | Respond to of 99985
 
<< I believe I have been witnessing the civility level of this thread diminish over the last few weeks. >>

Sure sign of a market top!

Seriously, I agree wholeheartedly with your comments and hope posters can behave themselves.

DOT IS DUST

I am probably wrong, but note the following:

1. DOT just made a double top with its April high.
2. Monday was the all-time closing high (so far or forever?).
3. Tuesday was the all-time intra-day high (so far or forever?).
4. Since Tuesday, we have had two days of Lower Highs,
Lower Lows, and Lower Close.

Is this the tip of the iceberg? Are we sunk?

The above may all mean very little in another week. Betting against the DOT is like fighting Mike Tyson. I may well be wrong (and get my ear bitten off!), but if I'm right, I will be forever immortalized as the one who picked the top of the Internet Bubble Mania (IBM?) ... and all of the millionaire bulls who road this crazy market up this high can think kind thoughts of me as I keep slaving away at my day job !!! ; - (

At the very least, I can be a contrary indicator!

All comments and opinions welcome. We will soon know how wrong I was. But it sure sounded good!

Best wishes to Bulls, Bears, and confused people like me that simply can't believe this crazy market!

HB