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

To: Crimson Ghost who wrote (2645)	12/22/1998 6:53:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

George, being the bear that I am, I believe we have climbed a generational wall of worry - Galbraith's financial short term memory. I remember reading the front page LA Times Newspaper article on the Citigroup deal bringing the most financial services under one roof since the Great Depression (I got a giant excedrin headache -g-). I believe (correct me if I'm wrong) it was the Glass-Steagall act that was written to prevent this. If C goes down, who will bail out C, this ain't no nickel and dime hedge fund. When I saw the twin towers spike double top (July-April) on CCI in early August I thought for sure this was it and this time I threw out the aspirin and reached for some prozac -g- I was wrong. There was enough liquidity to raise up the bubble again. The divergence in the a/d line is being ignored by many t/a's who are in the high RSI stocks and making money. This is just the precursor that set-up 29 and 74. Right now we have some powerful reversal patterns that could be developing in the indexes, just like CCI had in August. Greenspan tried to talk the bubble down in 96' but that was politically incorrect and that's a no no in the 90's. So now he is managing the bubble on the head of a pin and all the pin-heads (sorry Pete -g-) think he's God. HTYM A s'KB -g- bb