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

To: donald sew who wrote (3957)	1/14/1999 6:48:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 99985

>...this pullback is over.< That says it all. And, I agree with your last four words, this pullback is over. Later... GZ

To: donald sew who wrote (3957)	1/14/1999 6:53:00 AM
From: donald sew	Read Replies (7) \| Respond to of 99985

INDEX UPDATE ================================== For those interested in the INTERNUTs, I am starting to notice negative chart patterns in some of the smaller issues. For example, ONSL is forming a DESCENDING TRIANGLE, and EGGs has recently broken its lower trendline to the downside. The premiums for many of the internuts are outrageous, so I am watching the smaller issues carefully to play the internuts to the downside, since the premiums are much more reasonable. As I have mentioned previously, I believe that as the internuts goes so does the market. Subjectively, whats moving this market up recently is mainly momentum and liquidity and I believe the best sector to see momentum and liquidity at work is the INTERNUTs and some other HiTECHs. The INTERNET INDEX(DOT.X) in one day (intraday basis) has come down about 100 points or about 16% from TUE's highs. Is this the beginning of the downside of the PARABOLIC SPIKE? It may be. If the DOT.X continues down I believe that is one confirmation of a MID-TERM TOP for the overall market if not a LONG-TERM TOP. Seeya

To: donald sew who wrote (3957)	1/14/1999 10:44:00 AM
From: Compadre	Respond to of 99985

Donald: >>>>>The rebound in the NAZ yesterday has many optimistic that this pullback is over<<<< I am not turning bullish yet. My comments were strictly on the NAZ. Notice that the DJIA did not rebound as much than the NAZ and the RUT. Neither did they loose as much (intraday) percentage wise. So the comparisons alluded in my previous post is not valid for this indicator. Jaime

To: donald sew who wrote (3957)	1/14/1999 12:13:00 PM
From: GROUND ZERO™	Respond to of 99985

** OT ** Besides, I was invited to post on this thread...this is a free and open forum. BTW, I just added another SPH at 34 moments ago...I like to post all my trades...what's the problem with that????? Oh, well..... Later... GZ