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


To: Haim R. Branisteanu who wrote (40226)2/13/2000 9:00:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
home.nyc.rr.com

Haim, i believe this count is pretty clean and this leg up from the october 98 lows, which i believe is the final fifth wave from the 1990 bear market lows, which completes the bull market from 1974, this is conjecture and wave counts are subject to revision, but the divergences in breadth and markets are glaring, as is the bullish sentiment indicated by consumer confidence, rydex ratios, arch crawford thru in the towel and went bullish -g- etc.

I find it quite interesting that with the Dow correcting this much all ten top timers were bullish mid week.

The bearish sentiment on this thread, the oversold rsi of 21 and the trendline give a good possibility for a bounce, but until more bears show up in the top timers list and the p/c ratio starts getting closer to 1, I don't think we will have bottomed.

b