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

To: Crimson Ghost who wrote (43211)	3/15/2000 8:03:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

George, i believe you are right, after looking at the nyse a/d line and using a wave count on it, i believe we bottomed yesterday a five wave count from the early jan top, this bottom should be at least as significant as the mid-december bottom in the a/d line and possibly more. There has been an "exit" of money out of value funds and a giant inflows into aggressive growth/tech funds. These are great contrary indicators. I also believe the Buffett bashing and the 'old economy' talk is also a contrary indicator. I think a lot of money can be made in the old economy for the next couple of weeks -g-