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

To: dennis michael patterson who wrote (1919)	12/15/1998 4:10:00 PM
From: KM	Read Replies (2) \| Respond to of 99985

Take a look at JJC's column this afternoon. Four raids were tried, he says, all failed. P.S. Tried the EMC. Very tasty.

To: dennis michael patterson who wrote (1919)	12/15/1998 4:11:00 PM
From: Trey McAtee	Respond to of 99985

dennis-- AMEN!!!!!!!! good luck to all, trey

To: dennis michael patterson who wrote (1919)	12/15/1998 5:02:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 99985

Dennis--your quote It's always like this at a bottom. Remember 8 Octo? I shall not make THAT mistake again. I think it is essential to try and describe what it is like at tops and bottoms. For this crowd, we (and I mean WE) are MUCH better at tops than we are at bottoms. Weneed to work on this! I don't care about this bull/bear bs-- just direction. I mean this sincerely-- we are, collectively, weak on identifying the bottoms. I take it that you feel that we have reached a significant bottom, at least a medium term bottom, on a parallel with Oct 8 and the Djia has 2000 points to the upside? I'm not being critical, I just want to make sure I am interpreting what you are saying correctly. The market did have quite a nice surge today after 1 PM Best Regards, John

To: dennis michael patterson who wrote (1919)	12/15/1998 5:31:00 PM
From: HighTech	Read Replies (2) \| Respond to of 99985

Near the top around July 20, 1998, the NYSE New Highs/New Lows were as follows per IBD numbers: After a 6% Correction 7/19 on 7/28 ------ ----------- New Highs 136 9 New Lows 50 294 The figures around the bottom: 10/7 10/8 10/11 10/12 ------ ------ ------- ------- New Highs 52 35 8 8 New Lows 483 824 281 113 The first day that the NH's were > NL's was on 10/26 NH's=27 NL's=16 HiTech