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

To: Daflye who wrote (5835)	2/9/1999 1:13:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Mr. Daflye Thanks, for your post on the NDX putz/calls situation, I did take particular note of your post on the 19th. I think we should be getting near a short term bottom here. Blow-off in little unknown nutz brokers around the 2/1 peak and non-confirmed top by the larger brokers such as MER should be an ominous sign. The droves of small fry's are trading online and buying at the top. Notice that theglobe.com IPO which kicked off nutzmania in mid November traded in a low range all thru the blow-off and then made a lower high when the nasdaq peaked. I had been watching this issue to perform this duty. When the DOW breaks this trading range it will time to bring out the big plutonium -g-. bb