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

To: Tom Pulley who wrote (83186)	5/15/2002 12:11:58 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

call me to the carpet on it (g) that's ok, we take turns on the carpet here on this thread -g- well despite the heavyweight gloom and doom in some the big caps, techs and telecom. (i swear reading zeev's thread a week ago was like reading some of the bull threads as the bubble was growing taut - but in reverse -g-) Rydex ratios were at the feb bottom, and near the sept bottom, gold stock rydex fund is getting pretty overbought and gold stocks which have been running against the market look like they may be putting in a rising wedge top, with the rasche three little indian head stockcharts.com the bond market seems to be buying into an economic recovery, as a matter of fact with the big W over the last 4 years, one wonders if the trend in rates of the 90's is reversing. stockcharts.com[r,a]wbllyiay[pb50!b200][vc60][iUb14]&pref=G the dow has broken it's down channel from march, as have several other major indexes, the breadth hasn't been running with the market lately so it's not really a good indicator for general direction, it would actually be bullish if the $oex outperformed the small caps, it's had it's little hiney kicked for the last couple of years. stockcharts.com[r,a]dbllyiay[dd][pb50!b200][vc60][iUj[$sml]]&pref=G the oex broke out of a little triple bottom today and broke it's down trend, and must get above horizontal resistance above at 550, to negate that topping pattern. i think the bears have had it a little to good lately, might be time for a bear shakeout.