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

To: James F. Hopkins who wrote (4293)	1/20/1999 1:06:00 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 99985

To all, anyone look at a Monthly chart of the NASDAQ lately? If you draw a fork with the handle starting in December 94 and run the top tine off the high in July 98 and the lower tine of Oct 98 the handle will nicely catch all the previous drops. You can then "backup the top tine to contain all the previous rallies for the last 4 years. One problem, as of today we just pierced this top tine. Can you say blow off top boys and girls, I knew you could. <ng> Just can't figure out what news could burst the bubble... yet. The DOW, SPX etc are all fine in comparison still around their middle tines. All kinds of signs but I still don't know how to play this market lately. Arghhh EDIT - Just added the chart to the hideout so you can see. Good Luck, Lee