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

To: Moominoid who wrote (229)	12/3/1998 8:00:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 99985

Bull market is DOA. US Dollar is getting smashed overnight, and is continuing in its crash after breaking the uptrend in its bear flag that it began in Oct (that was the low in the equity mkt BTW). Stock mkt will follow the dollar. double top on INDU and SPX is in. Techs finally crapped out today and are setting up for their climactic blowoff. internuts crapped out a week ago. Gold stocks should begin their rally early next week or tomorrow. VIX put in a nice H&S bottom... market direction is DOWN. Mr. Crash could appear on Mon if Brazil devalues over the weekend (and that looks to be what is being telegraphed). Do I hear any bids for DOW 5000? all IMO of course? -Lucretius BTW- note the CBOE put/call ratio... can we say "bearish?" decisionpoint.com