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

To: pater tenebrarum who wrote (40235)	2/13/2000 10:47:00 PM
From: bearshark	Read Replies (1) \| Respond to of 99985

Heinz: I agree with you. The INDUs are simply enormous and cannot be ignored or considered unimportant. Tonight is the first time in a long time that I focused on their sales and profits. They generate a great deal of the economy. They also are substantial parts of other major indexes such as the OEX and SPX. If a few of the many variables go wrong this year, things can go wrong for the INDUs. If things go wrong with the INDUs, the world has the flu. I also looked over the individual stocks in the NDX and there are quite a few quality companies there too. Unfortunately, too much of the gambling money has been thrown into them. Its nice that markets have ups and downs.

To: pater tenebrarum who wrote (40235)	2/13/2000 11:04:00 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 99985

FWIW- The XAU has formed a bullish triangle. Usual breaks are UP out of this formation- siliconinvestor.com As for the INDU's. Don mentioned that the 9 month cycle top in a bear market is around the 3 month point- siliconinvestor.com Looks like exactly 3 months from Oct. bottom to the Jan. top. Short term, if we play connect the dots, the Dow is at the bottom of a steeply falling channel. Only way we keep going down here is if a panic ensues. I would expect a bounce back to the upper resistance line around 10700- and then probably back to the business at hand. Regards, TW