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

To: Lucretius who wrote (3578)	1/9/1999 7:47:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Luc, I believe the Dow is topping now and the S&P & Nasdaq should follow shortly. I've heard only one t/a on TV mention the a/d downtrendline. mOst of them are caught up in the herdmania. When the herd puts a lock on Dow 10,000 or 11,000 and they match it up with their bucks, a .5 cboe put/call and a two month long nutz mania, I have to be contrarian, but timing is always tough. Nutzmania has marked every top since it started last September. This is by far the most expansive nutzmania in price moves and incredible number of issues involved. Broadcast.com made it's point on 7/17 and it will be really hard to top the 96 point move last Friday -gggg- This is being Broadcast to anyone who can tell me the correct number of fingers I am holding up -gggg- (must see Patch Adams) We should see a volume bear engulfing big reversal day with a close on the low to kick off the correction, will be similar to the 12/1 down day, but the next day the buying will be on weak volume, unlike 12/1. bb