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

To: donald sew who wrote (4423)	1/21/1999 2:04:00 PM
From: John Pitera	Respond to of 99985

Donald, Bob Prechter in his January letter identified 9660 as a potent price pivot for a top of some magnitude. We reached 9648 on Friday Jan 8th. Peter Eliades also had a different calculation that gave 9650 as a topping area, he was mentioning it at the end of Dec. Message 7229788 Best Regards, John

To: donald sew who wrote (4423)	1/21/1999 2:05:00 PM
From: Brister	Respond to of 99985

Thanks for your update, Don. Great post on the usefulness of si too. Its odd how emotional traders get over other peoples post, when they don't agree with what they think.

To: donald sew who wrote (4423)	1/21/1999 2:08:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

donald: OT Well, I am NOT sorry to say, none of the regulars on the MDA thread, made the SI Guru Feature on the SI Home Page...<g> Of course, that is an omission, that I am sure most of us are quite comfortable with...<ggg> Regards, LG

To: donald sew who wrote (4423)	1/21/1999 2:39:00 PM
From: jbn3	Respond to of 99985

re My impression was that we should learn from each other not to have some competition of guru-bility. Sure we all have super-egos, but the key I thought to posting on threads was to learn and to make money ... Exactly right, Don! Each of us should be making his/her own trading decisions. However, an important part of the decision-making process is gathering data. It can be very difficult to acquire 'clean' data, which is not in some way part of someone's spin. And you are one source I value for offering 'clean' data. You are not always correct. None of us is. But your track record is pretty darn good. I thank you for your continued efforts to provide us your unbiased view of the trends, as YOU see them. regards, bachman

To: donald sew who wrote (4423)	1/21/1999 3:27:00 PM
From: dennis michael patterson	Read Replies (2) \| Respond to of 99985

GE, the stock Steve Shobin says is the single best barometer of the direction of the mkt, is up on the day.

To: donald sew who wrote (4423)	1/21/1999 3:55:00 PM
From: Bonnie Morroe	Respond to of 99985

To Donald and all, I just wanted you to know that I saved the stock marker today. I bought amzn puts so everything should be okay. All the internuts should now pop. (just a little humor but I did buy them) Donald thanks for the update Bonnie

To: donald sew who wrote (4423)	1/21/1999 4:01:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 99985

Donald, I suppose that my insecurities are showing up here - re your comment I recall just a few days ago when the DOW was up 200 points, many were saying that we are off to 10000-11000 and that there was no need to do technicals or fundamentals since we are going straight up(UPCRASH) I did say something like that to LG, but I surely would have thought that everyone could understand that it was said "tongue-in-cheek" and with disgust directed towards Clinton's SS proposals!!! I, for one, have no ego <G> and would never proclaim to be a guru. God help us all if anyone ever followed any of my advice. Sure hope you weren't referring to me. BTW, I must commend you on your analysis from Monday. You thought 2-4 days before a downturn and you hit it right on the head (again). I hope you stay around. You and your technicals are greatly appreciated. Challo

To: donald sew who wrote (4423)	1/21/1999 4:17:00 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 99985

In other words if there is strong rebound in the internets in 1-3 days, it would be a strong signal that this pullback is not just a correction but possibly the beginning of a bear market in the INTERNUTs. Donald, you sure lost me on this one. I am wondering why a strong rebound would signal bear vs correction? Sorry I am so dense but I would think it would be the reverse??? TIA Monty

To: donald sew who wrote (4423)	1/21/1999 4:33:00 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 99985

Hi Donald, You had asked me to post the chart of the trend lines along with the pitchfork drawn on the Dow to the thread. Anyone wanting to see what he was referring to a couple of days ago can go here to see my shot at his instructions. cp-tel.net Monty

To: donald sew who wrote (4423)	1/22/1999 12:15:00 AM
From: Greg Jung	Respond to of 99985

I think you can consider a model of the internuts as some market in outer mongolia. Unrelated to any real economy, we may contribute money (payoffs from the "market" to the unscrupulous and criminal brokerages that have peddeled them) but just a side show, if a distracting one. There isn't much selling in the secondary issues. These multiples given to the likes of SUN, IBM, JBL, LU are clearly ridiculous but there isn't a general liquidation. Yesterday (Wednesday) Nasdaq closed at a record high.

To: donald sew who wrote (4423)	1/22/1999 2:23:00 PM
From: StockOperator	Respond to of 99985

Donald, I just read your post from yesterday. I couldn't agree with you more. Very nicely said. SO