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

To: eichler who wrote (64217)	12/13/2000 8:32:58 PM
From: KymarFye	Read Replies (1) \| Respond to of 99985

Eichler, man, you're willing to acknowledge the effect of phases of the Moon on market patterns, but unwilling to acknowledge the potential mass psychological (and therefore tradable) importance of national-electoral-Oedipal closure? The fall of the bull (whether New Economy Bull, or the bigger Tech Bull, or, perish the thought, the great secular Bull, or even worse!) and the election campaign, the whole unanswerable question of what really counts... of which counts count... P/Es or chads, support/resistance or interest rates, inflation or phases of the moon and the Earth's rotation on its axis and round the sun and on and on... if any of them matter, then they're all linked... And to me it's tremendous - probably momentous and easily fascinating, in a word, maybe real and really fun. You can call him "Bore," but I'm going to luxuriate intellectually in every analyzable syllable of his speech, and Bush's, too. Pass the popcorn! What a great country! To each his own, I guess. Anyway, 2820 is a fine count, a good launching ledge... gap closed, go where you want and can, or fall... a price memory from just before the great infinite perpetual (almost) rally that was. It could get worse again, sure, but, considering all we've been through in tech-land, from the depths of crisis and impeachable scandal, through hyper--boom and -bust, and now this last mass psych-out... 2820's still pretty impressive...

To: eichler who wrote (64217)	12/13/2000 10:00:31 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

The market's lack of follow-thru on Tuesday had me on full alert. >>>> ya, e a truly oversold market should have been able to mount the 3000 level and turn it back into support, the bullz failed to take control, as they did off the may low. there has been a lot of confusion for me where to start this ending diagonal on nasdaq, did it start on 10/20 or 11/3? but dell has a count that i think is pretty clean and thats why i think the nas is headed at least for a marginal new low before an trend change can happen. from the early november high on dell i believe you got wave 3 into the low last friday and a countertrend rally into that H&S top, just like nas and now i think we are in a final wave 5 down from the election rally on dell 207.61.23.99 i think the level of bullishness in rydex that showed up this week needs more than a couple of down days to be worked off, bwdik b