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

To: HighTech who wrote (628)	12/6/1998 5:43:00 PM
From: HairBall	Respond to of 99985

HiTech: Seems as the rising wedge you noted, broke to the down side. However, it will have to fall below the low of 10/8 to complete...who knows! Of course, the Market as of late continues to have a divergence in place to muk up the read. (IND/DJI, SPX, NYA vs NAZ & RUT) All the better for the Big Boys to pick the small investors pockets...<g> Regards, LG

To: HighTech who wrote (628)	12/6/1998 6:11:00 PM
From: donald sew	Read Replies (3) \| Respond to of 99985

HiTECH, >>>>>>>>> Looks risky to go long. Yet most advisors are extremely bullish. <<<<<<<<< If you are talking about the analysts we commonly see on CNBC and other shows, well Im very cynical towards them and feel they often tell partial truths - and I consider partial truths as lies if there is intent. For example, it is well know and admitted by the analysts that during the big selloff the small investors hardly sold. Im not talking about those on SI, but mainly the IRA accounts of the average person. If the small investor did not sell, then it had to be the big boys and the small traders. OK the same big boys who were selling were also the ones telling people to buy during the selloff, with the normal disclaimer of "for the long haul" - BUT THEY WERE SELLING!!!!!!!!! Of all the investors I know outside of SI, NOT ONE sold any of their positions recently. They reluctantly admit that I was right that there would be a 5% pullback in DEC, but THEY ARE STILL CONVINCED OF 10000 by the 1st quarter and many or them still feel 10000 by 12/31. These are average investors whos main exposure are mutual funds thru their IRA/401K, with about 10-20% in individual stocks, and hardly any of them play options. Are these the average investors - if so - THEY DID NOT SELL DURING THE RECENT DIP. SO WHO SOLD - IT CANT BE THE BIG BOYS SINCE THEY ARE SAYING TO STILL BUY!!!!!!!!!!! ggggggggggggggggggg Seeya