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

To: pater tenebrarum who wrote (33341)	11/12/1999 9:40:00 PM
From: John Madarasz	Read Replies (1) \| Respond to of 99985

Now?... Heinz ... Now? Message 11802450 sooner or later i have to get it right<g>! Best Regards to all, and have a great weekend! John M.

To: pater tenebrarum who wrote (33341)	11/13/1999 11:10:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Heinz, i believe the spx is headed to new highs this week, several money managers i heard on thursday and friday were either waiting for new spx highs to confirm this wasn't a bear market rally or looking for a pullback to get in. I don't think the market is going to accomodate the people waiting for a pullback, so i think we will get a flood of money in next week from the laggards to push the spx, to make a head, the left shoulder peak will be the july top. Then we should have some conviction. timely.com Last friday when the sentiment was so euphoric was the top of wave 3 from the october low, this sideways action in the dow/spx worked off the excess and now we have broken resistance and are off to the races again. a lot of nutz charts have triangles on them and aol has that wave 4 correction complete and a new upleg going. Interestingly the spx chart is now taking on the look of the Dow 1998 topping chart, with a downslanting H&S pattern developing. There is a fibonnaci turning point coming in on the 18th, the next level would be mid december. bb

To: pater tenebrarum who wrote (33341)	11/13/1999 10:53:00 PM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 99985

stocks vs indexes The bullish climate lately has made me look for stocks to buy, but I can't find much I like. It seems like the only stocks which are not way overpriced are those which are in the process of crashing. It seems like the volatility of most stocks has increased in the past few months, and yet the indexes have been relatively calm. Sector rotation and narrowing of the market probably account for much of this. It looks like the last fling. How long can it go on? There has to be a limit to the Nasdaq somewhere. The faster it climbs, the sooner it will reach that limit. I was taking a look at what was moving up Friday. QCOM, SUNW, internets, oil drillers, banks, and especially brokers. All of these except the oil drillers are just parasites on the stock market mania. SUNW and QCOM are great companies, but their stocks are like Pokemon cards! Fun-da-Mental