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

To: HairBall who wrote (44824)	4/4/2000 12:22:00 AM
From: bobby beara	Respond to of 99985

LG, the nya is 4 points away from making a double top to the july 99 top and i believe would complete five waves up from the recent bottom. the a/d line has NOT confirmed this rally in the nyse, even though we got a 90% upside day, since then the rally has been anemic, if my wave count on the nyse a/d line is correct we could go down on the indexes and not make a new low in the nyse a/d line, believe me some of these stocks are selling at unbelievalbly low p/e's, phillip morris at 6 p/e -g- What this market needs is a big giant flush to get rid of all the excess, and i believe we are headed there. we need a bear on the cover of biz week to create a big rally, not a bull and jerry typing an ALL CAPS BOTTOM -g- stockcharts.com this thing is friggin rollin over. VALUE is in, spekulation has topped. they traded into the ndx off the 3/9 top, and they traded into the dow now, but eventually they will trade into bonds and gold. stoopid b