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

To: bobby beara who wrote (5872)	2/9/1999 8:05:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

BB,the down volume was overhelming. SPX S&P 500 1,216.14 Off -27.63 Advancing Issues 982 Declining Issues 1,997 Unchanged Issues 559 Advancing Volume 141,908,000 Declining Volume 540,838,000 Unchanged Volume 31,242,000 Total Volume 714,316,000 In certain stocks just there were no buyers, not that there were a lot of seller. IMHO many bullish day traders are getting killed. Will see after the treasury auction how the market will behave. From a fundamental point of view teh news are very positive if the statistics are correct. Productivity up more than wages which points to stable earnings. Therefore I anticpate a positive treasury auction as inflation is postponed, which in turn may pop up the stock market OOP's the Rubin Tulip Market. BWDIK Haim

To: bobby beara who wrote (5872)	2/9/1999 8:18:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

INDEX UPDATE ================================== Per my short-term analysis, all of the major indexes are now CLASS BUYs with the majority as CLASS 1 BUYS(OEX,SPX,NAZ,NDX,DRG,BKX,DOT). Only the DOW is a CLASS 2 BUY. The buy-in time should be tomorrow's lows whenever that is. Now the question is how strong will this forthcoming rebound be. The BEAR FLAG has broken to the downside and now dissolved. There is still the MAIN DESCENDING PITCHFORK and a BULLISH WEDGE. The UPPER TINE of the PITCHFORK is declining and targeting about 9450 for this week and 9400 for next week. I am only eyeballing it so if anyone can give more accurate figures, dont hold back. The BULLISH WEDGE implys a possible strong movement to the upside. For now I feel more comfortable with the UPPER TINE of the PITCHFORK containing the forthcoming rebound. The SPX has a BEARISH WEDGE, and its LOWER TRENDLINE(around 1242 for today) was significantly pierced to the downside. I do feel that the rebound will start soon, but do not feel that this specific short-term upswing cycle will be able to set new highs. So if we dont go much lower and the UPPER TINE of the PITCHFORK near 9400 contains this forthcoming upswing - well its stairstop time again with lots of whip-sawing. I closed my PUTs today and will enter CALLS, probably tomorrow, on some specific stocks, not indexes, for short-term trades. Since I am not expecting a strong upswing, Im only looking for a 3-5 point move on various $50 stocks. If I get more, thats great. If I am correct about this stairstep, I believe that it will start to dissolve to the downside by early MAR. Seeya

To: bobby beara who wrote (5872)	2/10/1999 8:42:00 AM
From: GROUND ZERO™	Respond to of 99985

bb, I'm inclined to agree, we've reach an area where we should have a good rally, but I'm suspicious of that rally that may last one or two days. Secondly, if we just trade around here for a few day and not have a good recovery out of these levels, then we're going much lower. I'm still short two SPH, I'll cover one today, probably. My Best. GZ