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

To: Stcgg who wrote (58033)	8/10/2000 7:46:50 AM
From: Peace	Respond to of 99985

You entire post is essentially what www.elliottwave.com has in their short term update. Why don't you give them some credit ?

To: Stcgg who wrote (58033)	8/10/2000 9:45:45 AM
From: da_cheif™	Read Replies (3) \| Respond to of 99985

11119 the dow is the target once 10988 is taken out....investors intelligence amazingly showing an increase in bears and decrease in bulls as the market moves up...and for the first time since I can ever remember there are more bears than bulls in the top ten gurus tracked by timer digest....the #1 guru remains bullish....market vane % of bulls remained steady on the rise in the dow at 33% the low vix numbers continue to invite plenty of put activity...yesterday 148% oex.221% dj...133%sp 141 comb indxs...161 on the runoff 49 eqiuties 45 nas 100 151% russell...sox index continues to lag but remains oversold..and with the dow down on wed it was incouraging to see fidelity select technology up a buck..the bkx still looks higher as the elliot wave structure looks incomplete to the upside....the dj 65 composite still leads the dow in relative strength....and is on the verge of a historic hi....the dj utility index is pressing the upper trendline of a large expanding triangle...expanding triangles are continuation patterns thus an explosive move appears dead ahead....were long the sept sp short the nyfe till the dows 12 hr rsi makes a bottom which shud be today....