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

To: dennis michael patterson who wrote (3722)	1/12/1999 9:01:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Dennis, Im not sure of anything now, but I am leaning more towards a mid-term top(30 days). >>>>> Just received my last Favors monthly. I'll pose some highlights, but he sees no significant top for a while, at least not before April.<<<<< Yeah, I am noticing that more and more analysts are targeting APRIL and I presume it has to do with the 6-7 month top of the 9 month cycle. I agree more with Bobby on the basis that the internuts and even some DOW stocks(GM) have gone parobolic. I tried to look at parabollic spikes to see how long they can last, and from all the examples I have examined their life-spans are very sort, in many cases only days. I have to say that my research was limited due to my access of data, and could only view about 20 examples, I would be more confident if I could have had about 100 examples to examine. I also noticed that after a strong parobolic spike, rarely was there another parobolic spike within months. So either the internuts had a spike or its just a strong move up to a much higher trading range. In comparing the recent action in the internuts as to previous parabolic spikes, there are differences and that the internuts did have 2 parabolic spikes in a short period of time as indicated in the DOT.X(end NOV and now). Seeya