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

To: John D. McClure who wrote (52941)	6/2/2000 10:18:00 PM
From: American Spirit	Respond to of 99985

Millions of TA recent members (Traders Anonymous) will now fall off the wagon once they check prices and see that many of the stocks they used to love are now "cheap". One by one they will capitulate and get sucked back into the market, driving it to another peak, probably in about a month. Rande called it last Friday. When American Spirit started turning bearish that was the bottom. I started turning bearish but when I read Rande's post on Raging Bull using me as a contrarian indicator I quickly turned around bullish again. Not bullish enough considering what's happened this week, but bullish enough to get out of debt. I expect this rally to continue for at least another few hundred points on the Naz, then broaden out. Volumn should return to fairly high levels and traders will take full advantage of it margining themselves up. Once again the gold rush is on, at least until Greenspan puts an end to it again.