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

To: Jon K. who wrote (1976)	12/15/1998 9:12:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

>>>isn't this mean bear market climax? Yet market was very bullish today...???<<< Jon, -184 reading of yesterday is very oversold territory and can be the area of a short term (or intermediate term) selling climax. In most cases, this should be an area of buying not selling. >>>It looks as if someone was intentionally buying only 30 DJ blue chips in order to boost the market artificially.<<< Not so, big money entered the market today, look at the oex. We may have had an ABC correction on the OEX and are now headed toward new highs. I believe Clinton is a non-issue. Clinton has little effect on economic issues. bb

To: Jon K. who wrote (1976)	12/16/1998 8:39:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 99985

Morning Jon .. Re Repubs in the bag .. I don't know .. the charts looked like some good news had hit the big boys about something.. I was guessing that it was a head count. Perhaps it has to do with the Fed BOG meeting. (another rate cut?) Liquidity view: stays the same for me as it was last night .. looks like a positive day. Target = DJIA +40 points. And as for the beara .. I get the impression that bobby likes to be a bear. If so, then he is a surviving bear. which means that he knows when it's time to put the horns on and pretend to be a bull for a while. sooo ... ya gotta take bobbies stuff with a large grain of salt .. about a 50lb block worth<g> BWDIK Gersh