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

To: bobby beara who wrote (67672)	1/26/2001 12:48:13 AM
From: DukeCrow	Read Replies (1) \| Respond to of 99985

i don't think yu can always count on breadth as bottom kounter You are absolutely correct. Breadth fell off way before the highs in prices. So breadth may turn upwards before the final bottom in prices is reached. Ali

To: bobby beara who wrote (67672)	1/26/2001 9:28:09 AM
From: eichler	Respond to of 99985

bobby, I see what ya mean on those charts.... I'm thinking those IQ Charts I'm using are somewhat deficient. Comparing mine to the longer view daily charts you linked, they don't even look the same. I have to click on the the weekly views to get the same look of the charts you posted. EMC, GLW, ORCL look more like the charts of the average stock back in the 1st half of 2000...they certainly are not representative of most of the (cheapo) stocks I've been watching which got slammed 80%++ and completely returned to their bottoms (bases) from which some are finally showing signs of life. The church comment was a light-hearted comment meant to be humorous. "My" real church is the great outdoors, so I guess you could say I'm always there..ggg No offence to the religious types out there. I will keep in mind your insight regarding not counting on breadth as a bottom counter, but as far as that goes, I expressed early on that I was not expecting our current situation as "the bottom", but rather a bottom from an intermediate time frame point of view. I still think the Fed is the wild card, but I'm thinking their actions will not have long term effect as long as the economy/earnings appear as a sinking ship. Once investors get the impression the Fed is using a bucket to bail out the water on that sinking ship, further sell offs will ensue. The bear is not dead, he is just resting. When the bear's prey fattens up a bit, I'm sure he'll be looking to feast some more. Thanks for the charts bb... Regards, Eichler