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

To: marginmike who wrote (49550)	5/6/2000 12:14:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

well, i'm still sticking by my wave count that we made five waves up from october 98, and this is the top of the blow-off. this is not like april 98 another leg up is coming, people are starting to realize the promises of dot.com mania are not going to be fulfilled by the hundreds of dr. poops and this my be the start of the revaluation of the majors. but if the major techs break out of their triangles in the next couple of days on the upside i'll have to concede my wave count is wrong. qcom was in a position in late december where every manager had to have it in his portfolio, kind of like the reverse position of margined players having to sell out at the bottom, you take it from there. b