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

To: Stcgg who wrote (53325)	6/7/2000 9:31:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

if it is a fifth wave, it will imo turn into a failed fifth. as for p/c ratios and other sentiment indicators not working anymore, that's what all those buyers of NAZ stocks in early March thought as well...it didn't work for a week or two, and then it worked with a vengeance. same thing's going to happen again. i don't follow Eliades or Prechter...all i know is that Prechter is ALWAYS bearish, although he made a remarkable towel throw earlier this year, predicting 13K for the Dow. and there IS no new era...it's the old era in new clothes....<g>

To: Stcgg who wrote (53325)	6/7/2000 9:58:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

>>>>>>As for Put/Call ratios, they don't seem to work anymore.. Eliades and Prechter should study new parameters for the new era.. stcgg, they do work, but you hit the nail on the head, new parameters, just a lot lower in the "new economy" 'g' i can make a case on the iix for a completed 1 at the april 99 top, and a completed three at the march 00 top, but i can also make a case for a completed 3 at the jan top and five at the march oo top. 207.61.23.98