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

To: bobby beara who wrote (33247)11/11/1999 11:55:00 PM
From: Secret_Agent_Man  Respond to of 99985
 
so bb, have u gone back to the darkside?...i mean short side<vbg>



To: bobby beara who wrote (33247)11/11/1999 11:59:00 PM
From: Chip McVickar  Respond to of 99985
 
bobby,

A towel....is that thrown into the ring or across the room? <<smile>>

Put a fork on the OEX

#1 UP--Mar low....spread July high/Oct low
#2 UP--Aug low....spread Aug high/Oct low

#3 DWN--Aug high....spread Oct low/Nov high

That's the delemma....Follow the UP median lines bouncing along between them or break down hard for a good drop. The up forks have to break above the upper tine of the #3 fork to go anywhere.

Is this a plateau or a cliff?

Good Night,

Chip



To: bobby beara who wrote (33247)11/12/1999 12:04:00 AM
From: GTC Trader  Read Replies (1) | Respond to of 99985
 
<< 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. >>

Might AG give us that "sizeable down day" next week?

I hear that the majority of his net worth is in short-term t-bills.

Does he know something the rest of us don't?

Time will tell.

Thanks for the charts. Very interesting times we live in!

HB


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