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

To: 10K a day who wrote (63386)	11/29/2000 11:57:34 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

yep, and it that deal unwinds u don't want to be long that day --gg-, as LG has noted there has been a lot of talk about the bullish falling wedge, from me too and many premature calls of a bottom. during the rally to the top there were a lot of rising wedge s that broke north, so this one could be the reverse and not be a falling bullish wedge. home.nyc.rr.com this is a 10 year nikkei chart i did in january before an additional 1000 points up, in 1989 Japan there were a lot of 80-150 p/e ratio companies, but there were no LNUX first day openings of 300 (now $9) and that is just one extreme example of many that had such ridiculous ramps. also the trajectory of the nikkei off the 1987 lows was much gentler than the nas, the nas was pure vertical when u compare the manias. I just want to remind myself others of this and other when we try to detect a bottom for at least a countertrend rally. of all manias in the last century, the us tech mania of 99-2000 may have only been beat by the gold mania of 79-80, but i will have to rethink that and look at the charts again to see if thats true -g-