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

To: Tom Pulley who wrote (83475)	10/22/2002 11:02:59 PM
From: HighTech	Read Replies (1) \| Respond to of 99985

What is different is the crossover of 50+200-day. Wow! Never looked like that in 20 years. HT

To: Tom Pulley who wrote (83475)	10/22/2002 11:18:43 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

without a 1-3 year bull move<<< it's a little early to say on that but i would think that we should at least bounce back to the declining down channel on the spx or the 200 dma, crashing out the shorts and capitulating the bear bubble before the next decline. The vix has an ugly looking 2x top (ugly for shorts -g-) prechter's new book (i didn't buy it because i figured it was just a rehash of 'the crest of the tidal wave') isn't on the NY times best seller list like 'dow 36,000' or 'the great boom ahead' were in 1999, but recently it was on the top at amazon com.

To: Tom Pulley who wrote (83475)	10/23/2002 6:07:24 AM
From: Northern Marlin	Read Replies (1) \| Respond to of 99985

Hello Tom, The chart you provided extends from the beginning of the last secular bull market in 1982 through the beginning of the current secular bear market that we're now experiencing. The difference that I see between the majority of times that the weekly stochastic hit 20 and the time when it hit 20 in March of '01 is the type of market: bull vs. bear. One might expect a target near the 50 MA on that chart, another 10-15% gain from here. But the general trend has changed from up to down. Phil

To: Tom Pulley who wrote (83475)	10/23/2002 10:46:55 AM
From: Casaubon	Respond to of 99985

I haven't been able to locate cup and handle set ups associated with bull moves (other than some gold stocks a while back...and that's not bullish). Perhaps it's too early, yet.

To: Tom Pulley who wrote (83475)	10/24/2002 9:01:29 PM
From: el paradisio	Respond to of 99985

If it would be a 5' chart,I would be buying it....double bottom,looks like a bull flag (ng). Cash from crashing bonds and gold stocks should join the party. The only thing I'm not sure about are overvalued stocks like FRX,APOL,STU,BZH...what will happen to them? Nasdaq is rebounding from rising monthly 200MA and the lower Bollinger band,both should act as a strong support. stockcharts.com[w,a]maclyyay[d19900101,20021022][pb200!d20,2][vc60][iUb7]&pref=G el