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

To: Michael Watkins who wrote (41830)	3/1/2000 12:50:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Mike, from some of my wave counts on several leading semi and networker stocks, i believe we are close. i think the volume is bearish, not bullish, this is blow-off volume taking all the buyers out of the market. there is a mega amount of froth here. there are a lot of similarities here to the gold and oil tops in 1980. At the time GLM was selling at 200% it's 200 day moving average, people were lining up at banks to buy gold. I believe the equivalent here is the buy on open orders by daytraders. b