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

To: John Pitera who wrote (3718)	1/12/1999 11:09:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

John, I cannot subscribe to any elliot count at this time, as the charts have interpretations that are too varied, I'm trying to wing it as it goes. I do believe that we are in a blow-off top and that we could topp at any time. This is not the iniation of another 4 year cycle bull market, I believe that we have yet to see the bottom of the 4/8 year cycle and that most analysts are fooling themselves if they think October was this cycle low. decisionpoint.com breadth sucks, speculation is rampant. The topp could be in or we could create a complex bottom here in the oscillator and have another run into April. The bullish sentiment is way too high for a significant run. At 12/14 bearish sentiment started rearing it's head and created this last run-up. For another run-up we will have to create more bearish sentiment, however that may mean taking out significant supports for that to happen. bb