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

To: bobby beara who wrote (52218)	5/26/2000 12:23:00 AM
From: John Madarasz	Read Replies (2) \| Respond to of 99985

bb, I did see that... first line in last paragraph though..."It is still possible for the market to move higher from here and for the Ratio to be pushed back to it's bullish extreme,..." In my bubbleheaded way I think it's time for a boobish rally before we finally unwind. From Les's link... " The first leg down in this beast(the 1929 market) was a near 50%er. Ultimately followed by the first real rally in the 1929 bear. The market rallied from the first "heart attack" off the 1929 November low through to April of 1930. An approximate 40% rally. The deflation of the 1929 financial bubble so similar in character to what we see in the current market environment was a series of multi-month advances and retreats that took a number of years to play out into ultimate depth. Of course we are not suggesting that 2000 will play out like 1929, but rather that there are really no examples in US history of a market falling approximately 75% in 2 to 4 months. We would expect the NAZ 2500-2650 level to provide a good bit of support if we reach it. After all, it was the blast off zone for the final euphoric NASDAQ top." " The financial bubble we have created in this country was not built in a few months. It took years to gather parabolic price momentum and confidence. Shouldn't the flip side be true to some extent?" contraryinvestor.com My last post tonight too. Thanks to all for the great thoughts... Best Regards, JM