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


To: KymarFye who wrote (60677)10/15/2000 6:54:48 PM
From: NucTrader  Read Replies (1) | Respond to of 99985
 
Well these guys apparently think it's a diamond. Personally I'm unwilling to spend $65 to find out....
sandspring.com



To: KymarFye who wrote (60677)10/15/2000 6:54:53 PM
From: bearshark  Read Replies (2) | Respond to of 99985
 
Kymer:

I agree with you. To me, looking at charts without volume is the same as viewing the world in two dimensions. There is no second "double-top" on ARBA and the other "double-top" is spaced correctly but the pattern and volume is not to my liking. However since ARBA failed to make a new high on its second attempt, it is still in trouble at this point. Again, as to the INDU, the volume is wrong for a complex head and shoulders.

Until the INDU breaks 9796 on a closing basis (and I think I incorrectly posted 9975 somewhere a couple of months ago), I do not consider this a bear market. Some of the excesses have been wrung out of the secondary markets. Some of these secondary markets do have bear patterns.



To: KymarFye who wrote (60677)10/15/2000 7:15:02 PM
From: Square_Dealings  Read Replies (1) | Respond to of 99985
 
Kymar, I'm inclined to believe you're another "market denial" therapy candidate.

Maybe you should take another look at the DOW. The fact is that the volume has increased significantly to the downside.

siliconinvestor.com

Also your comments regarding ARBA and the DOW lead me to believe you aren't willing to make a call here. But if the market goes in the direction of Hahn's call then you conceed he got lucky and eventually will be wrong? Brilliant.

M.