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

To: Casaubon who wrote (51416)	5/20/2000 8:17:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

Casaubon: "But to me, the hints look down." I'm trying to figure this out. Usually when a pattern becomes so obvious as the one everyone and their dog is seeing via even an elementary TA understanding, it does not play out. Could it be that everyone is wrong in that they expect this to end in the not too distant future after another slam only to recover and rally? Could it be that everyone knows it looks ugly but it so complacent that they stay invested anyway and get real hammered? There is just no way I see this thing playing out in the manner consensus currently expects. So, we are either going to bounce and rally for a couple months or we're going to fall to levels currently unimaginable.

To: Casaubon who wrote (51416)	5/20/2000 11:40:00 PM
From: el paradisio	Respond to of 99985

Casaubon,sorry for being so "detailed" in that NYA candles,but I promise,it will be the last time. NYA looks the strongest and that is the main reason I am focusing on this one. Back to our picture: siliconinvestor.com Look from mid of 1999,you can see 5 candles above 620 almost on the same level. The 5-th, black one did not cover completely the 4-th one. The 6-th one is a break to the upside. Now look at Dec/99 and Jan/00 above 636. We have 2 series of the 4 candles.In both cases they broke to the downside, because in both that cases, we had a total engulfing. Now look at the 4 recent one.First is white,after black,after white,the last one is a black one. You can see that the real body of the last black one is... the shortest and the top of the shadow is ABOVE the BODY of the huge black candle. More... the last black candle is not a total engulfing, because the the bottom of the body is higher than the white one. I think that,this last candle (decision) is more bullish than bearish. ...I don't mind to be wrong,just my analysis. el