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

To: StockOperator who wrote (3521)	1/8/1999 9:10:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

StockOperator, manias are quite difficult to predict but I will ad my 2 cents. The action of several Internet stock today was just breath taking. AMZN from 158 to 199 and then reversed back blow open, speaks millions The heavy volume and the anticipated seemingly broad participation is more reminiscent of a blow of top than a start of a rally. Would agree with you if we had 0.2% to 0.5% advances with some retracements but such desperate moves up, of 2% to 3% are not exactly the foundation of a sustainable bull market, but more the precursor of a severe decline. BWDIK Haim

To: StockOperator who wrote (3521)	1/9/1999 10:07:00 AM
From: GROUND ZERO™	Respond to of 99985

There's a measured move to DOW 12,600 before this rally is over... GZ

To: StockOperator who wrote (3521)	1/9/1999 11:17:00 AM
From: Les H	Respond to of 99985

The Nasdaq is already 8% above the top AIQ trading band of the 28-week EMA moving average channel which is supposed to encompass over 90% of the price activity. The top of the weekly trading band for the Dow is just around 9800. The incorporation of the internet stocks and their market caps into the Nasdaq averages in the past quarter is probably as responsible for the extreme volatility as anything. The Technology SPDR is up 10% in 2 weeks.