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


To: HairBall who wrote (4496)1/21/1999 10:19:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
We should hit 8600 within one/two weeks, then ask me.

Broncos (football) and bears (wall st.).

The Nasdaq tech parabola in 1987 (similar 12 week run-up) ended with a symetrical triangle with a marginal new high pop just prior to the crash. Look at the NDX chart from July-October 97 for a sample.

This could happen again, so I'm concentrating on shorting weaker RSI Dow type stocks, banks, brokers, drugs etc.

bb