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

To: John Pitera who wrote (2506)	12/21/1998 9:14:00 PM
From: Haim R. Branisteanu	Respond to of 99985

John, compare the 1989/90 NIKKEY with our stock market. X-mas will put some damper in the internuz and next week will be sloppy trading, with possible downdraft. If not for today strength in certain stocks I would qualify it as a turning point day. As I am so sceptical of this outcome I may be right at the end <G> and we will go down starting tomorrow. Haim

To: John Pitera who wrote (2506)	12/21/1998 9:36:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

John, I believe we are at a significant pivot point here, and your Gann turning point goes right along with the Alan Gannspan -g- turning point. Thanks for that interesting chart. I been following DAL and it made a mirror image H&S around it's baseline, fascinating chart. FOMC meeting marked the July top, the September top, the December top????. I believe we are seeing a failed inverse head and shoulders pattern in the transports (especially the XAL) and that may be a leading indicator as it was in July as to a possible failed inverted H&S pattern in the Dow & S&P. Three lower lows in the a/d line and the Bond market looks like it may have topped out big time in October. Euro will suck liquidity out of our bond market, i believe commodities are near a panic liquidation bottom. foundations of the bull 1. earnings - gone 2. liquidity - suspect 3. low interest rates - suspect. going going gone? bb