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

To: Terry Whitman who wrote (3583)	1/9/1999 9:47:00 PM
From: bobby beara	Respond to of 99985

TW, I agree with Rarebird, the internals and the chart pattern set-ups in the XAU, POG, and CRB are setting us up for a powerful rally in commodities. Notice Dow standout on Friday was Alcoa. This is another contrarian issue, with "no inflation" dripping off every lip on wall street. This is a regular 6 year cycle bottom in commodities. Hogs were recently selling at 54 year lows, now that is just as bizarre as BCST having a 96 point rise, a company that has only been public for 6 months. This is a market at extremes: hard assets are way way way oversold, paper assets are way way way overbought. The rubber bands are stretched to the extremes and thats why this has been the most volitile year in the stock market since the 29 market. People have compared Nutzmania to the Gold Mania in 1980. That was the inflation peak that still remains after 20 years. We could be seeing the other side of the coin in this mania. And how about that BCST. It made it on the local LA 5:30pm news show. It's based in Irvine. When it hits the media like this the move is over. I remember the Internet Stocks first getting attention on the Nightly News with Tom Brokaw in the third week of July. This is a broadcast, broadcast.com is on the nightly broadcast and i might add this to my broadcast, the market topped on 4/23 102 days from the 9 month cycle bottom, Monday will be the 97th day from the 9 month cycle bottom on 10/8. Time to pull in the horns and get a hairy back -g- Herd is way too horny for NuTz, so I quit shaving -g-