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

To: bobby beara who wrote (40769)	2/19/2000 3:57:00 PM
From: Doo	Respond to of 99985

""the naz needs to join the downside action to turn the crowd really bearish to put in a bottom."" I think this is one of the key differences between the 10/99 bottom and for that matter the 10/98 bottom. The nas has not joined in and the divergence is huge with all other indices. Both of those prior bottoms took 3-4 months to pan out. Here, we are less than 2 months out on the Dow, SP, etc. and we haven't seen the NAS blink. Another difference in those bottoms from this market is the IIA sentiment is still cranking. At those two bottoms sentiment numbers from that survey were almost flip-flop from where we are now. Last, the low price stuff is blowing out all over the place and the day trading of the biotechs was not present at those two bottoms. A gap and reverse on Tuesday could produce a rally for several days or a week, but I think this one is far from over.

To: bobby beara who wrote (40769)	2/19/2000 4:40:00 PM
From: Rarebird	Read Replies (4) \| Respond to of 99985

Bobby, the Dow has corrected 1500 points and the retail stocks and some of the old Industrial Stocks have taken an old-fashioned beating. Everyone now is expecting the Information Age Stocks to begin to roll over. I wonder. They just hit new highs this past Thursday. I don't see any damage in that sector to speak of yet. To be sure, when those stocks tank, you can start recording the new Beara Soundtrack and proclaim the end of the Bull Market.<ggg> Is the reason why the Nasdaq has held up better than the Dow and S&P merely on account of speculation or is there something more fundamental going on here? That is the Question.