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

To: dennis michael patterson who wrote (43126)	3/15/2000 10:37:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Dennis, the large inverted H&S pattern on the CRB that started with the left shoulder in august 98, i believe is failing. Oil has been the biggest driver of the index and i believe it's topped. The fed's tightenings, combined with the oil price shock is doing it's job, the recession in japan is significant, especially for nasdaq and semi-conductors. Man when they start saying the semi's are no longer cyclical (ya right new economy - it only goes up -g-) you got to look for a top. b