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

To: bobby beara who wrote (70557)	2/26/2001 10:46:23 PM
From: OWN STOCK	Read Replies (1) \| Respond to of 99985

GS must put petal to the metal or risk inability to control anything as we go deeper into stagflation... In this theory, inflation is simply a response to inability to realize sufficient growth through equity markets...a stagnant or recessionary market brings inflation. Only a healthy growing market controls inflation. Another way of saying it: It is easy for GS to kill the market, hard for him to get it going again. Current inflation is direct result of insufficient rate of rate cutting... Let's see what he does...

To: bobby beara who wrote (70557)	2/27/2001 4:39:28 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

bobby beara: Looking at the chart you linked, once again I am seeing a revision of the original channel I first posted on this thread almost two years ago. Every Tom, Dick and Harry now claims to have discovered it, but almost no one is plotting correctly. In spite of what some seem to think, plotting trend lines and patterns correctly is very important. The lower support line in that graphic is the adjusted 90 support line, adjusted to accommodate the 98 low. However, it is not the decade long support line for the channel. That line has already been penetrated. It did not take eight years for the channel to form. I keep reading where folks are still talking about a Dow Diamond pattern, what's up with that...it came to its apex four months ago. It proved to be the Rhinestone pattern...LOL Everybody is a stock market guru, now days...<g> Regards, LG