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

To: Haim R. Branisteanu who wrote (5253)	2/2/1999 11:04:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Haim, too fundamental -g- If we haven't completed wave 5 in the nasdaq from 10/8 as of Monday, we should be within just a few trading days. We don't have quite the short term divergences now that we had in July, but we have enough for a 5-10% correction into late feb/early march. Look how oversold we are on the Oscillator and the market can just barely lurch to new highs and sells-off in the afternoon. This run is fading, we need to correct some more to build up a head of steam for the next run. (capt. kahuna also wanted to buy the dip right from the 7/20 peak also) bb