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

To: bobby beara who wrote (33713)	11/18/1999 10:11:00 PM
From: Benkea	Read Replies (3) \| Respond to of 99985

WOW. Did I just hear the PBS New York special right when they said the $8 mil on margin in 1929 was more than the total amount of currency in circulation?

To: bobby beara who wrote (33713)	11/18/1999 10:16:00 PM
From: Lucretius	Read Replies (3) \| Respond to of 99985

i knew you'd get long eventually (BG) now stay there! no more shorting for you..... -g-

To: bobby beara who wrote (33713)	11/18/1999 10:29:00 PM
From: HairBall	Respond to of 99985

bobby beara: I checked EBAY and saw your flag, on the daily chart, right? Gee this market is going more manic than ever...<ng> It has completely discounted all bad news! This move up has already gone beyond my expectations. It has some of the formations extended like an over stretched rubber band. And, has turned some of my longer-term indicators up giving me divergence in my read...<ng> I am beginning to think about the "rubber band" analogy donald use to bring up last year. The high flying big caps that are driving the Indices are going to snap back. I thought (still feel) it would be before the end of this year, but maybe I am wrong by two or three months. I just can not believe the charts for the COMPX and NYA will not pullback before the end of the year. Can you say parabolic? I know heinz keeps talking about a last blow off, but I think we are just seeing the last spike up of the blow-off that started in Oct 98. I think the next correction will by the few major big caps that have driven the Indices up. This will cause the Indices to correct for a change and will seem worse than it is. After we have that correction, I suspect we will have one more leg up in this bull that will be broad based and could last well into 2001. However, I will be playing the correction cautiously just in case I am wrong. (What correction...the Indices just go straight up, right? <gggg>) Good trading... Regards, LG