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

To: HairBall who wrote (56086)	7/5/2000 8:09:48 PM
From: bobby beara	Read Replies (4) \| Respond to of 99985

LG, check out the narrowing wedges (using 5/1 and 5/24 as the base) on NT and GLW, glw broke out of it's today, i'm sure if i look around i can find some other stocks that fit this pattern (like the friggin toronto stock exchange -ggg-) Also i believe i have 5 wave counts from the 4/14 low close to completion on a few other high flyers like kei and pwer. b

To: HairBall who wrote (56086)	7/5/2000 10:00:53 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

>>>Whoops, looks like your usual causticity<<< i heard it thru the grapevine that options jerry snuk up behind him and gave him a wedgie and he's been out of sorts every since -gg-

To: HairBall who wrote (56086)	7/6/2000 1:08:16 AM
From: Jon Tara	Read Replies (2) \| Respond to of 99985

LG, we shall see. I note that QCOM closed below 60 today, which I'd said could be the percipitating event for a short-term market downturn. The market is certainly not being kind of the companies that are coming out with earnings warnings. 50% haircuts for some pretty substantial companies seems a bit extreme. This has got to be causing some pretty itchy trigger fingers. While short-term bullish may have been the place to be on Friday and Monday, today undid all of that. I wasn't specific about what I meant by "short-term", and it does point out that we need to be more careful when discussing time periods. What is "short-term" to me may not be the same as "short-term" to you. Specifically, I meant over the next week or two. I didn't say it, so I wouldn't expect you to have understood that, though. I note that the MACD on the NDX crossed-over to a sell signal around 6/27. I wouldn't be surprised to see move to the 3300 on the NDX in short order. (1-2 weeks). I'm not sure what was so caustic about my remarks to have caused the thread originator and moderator to engage in what he protests about. I simply pointed-out that the thread was getting awfully bullish for the short-term, and that to me that was a contratian indicator, given how bearish the thread has generally been all through the rally from the bottom of the "crash". Are you sure it was my "short-term bullish" post that is the one that really bothers you? Or was it the one where I insist on more than "because" as evidence of a government conspiracy to misrepresent the state of the economy?