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

To: snake who wrote (35385)	12/18/1999 1:25:00 PM
From: bobby beara	Respond to of 99985

Snake, stockcharts may have some of the charts you are looking for. stockcharts.com looking at the a/d line, we have what looks like five waves down from the 11/6 high and five waves down from the july high, also mcllelan noticed that the a/d line has moved about the same number of points during this slide as the slide from april 98 to sept 98. in march/april this year there was a flood of money into growth funds which marked a st top for growth stocks and a resurgence in value. I think we have a similar situation here with a surge of money into tech funds which may top out this sector and create a rotation into value. The new lows reversed friday, if they continue to shrink next week and the a/d turns up further, my bet is that we have seen the bottom, also chris carolan posted on lw that the full moon episode due soon may be coincident with the a/d bottom, i remember he picked the 10/18 as the bottom of the october correction. bb