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

To: bobby beara who wrote (6142)	2/11/1999 7:26:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

bobby beara: I believe the evidence is more than just one day. No offense was intended. Of course, there is always that one day when the Market did move off a bottom or create the bottom. Look at last Oct 8th. However, as you well know, on the way down to Oct 8 from the high in July, many changed their costumes more than once on that trip...<g> Two days ago, I posted the negative breadth #'s and possibility of a capitulation bottom and posted that we had a five wave decline and we were probably at or close to a bottom. Donald did the same, giving Class 1 buys. Donald's expectations or very short-term. Of course, he does give his feel for the longer term, but his "guitar" is for days only. What day do you think the Market had a "capitulation" bottom? With the level of bearish sentiment (number of sell signals from analysts) and the reversal today, their is a chance of another leg up even in the face of deteriorating internals. We could have a commodity style blow-off ahead of us, nobody knows Well, I don't disagree with the possibility of another run up to new highs...heck, I got bullish formations on my charts! But, I do have divergence to those bull formations with my oscillators. I have always lost in the past when I went against my oscillators. Of course, there is always a first time for them to be wrong. Remember they are trend following, not forecasting! I think the internals need to improve, as well...time will tell! Bobby...I always respect your post, you do as much research as anyone on SI and you support your position with a mountain of TA. Sometimes we may just disagree...but I am not sure that this is one of those times...<g> Bullish or Bearish can be a matter of one's time frame. This thread caters to all time frames, intraday, short, medium and long. BWDIK Regards, LG

To: bobby beara who wrote (6142)	2/11/1999 7:33:00 PM
From: Vitas	Read Replies (1) \| Respond to of 99985

Bobby, The 1% EMA of a/d oscillator which Terry posted last night allows for one more sharp rally to new highs after it has hit zero and rolled over: decisionpoint.com decisionpoint.com decisionpoint.com The lower knuckle on the summation, on the other hand, says the high (on the NYA) is already in on January 8th: decisionpoint.com decisionpoint.com decisionpoint.com Under the 55 calendar rule we get a rally to the 38th or 39th day (or wait until oscillators show the required degree of being overbought). Either way, once this rally ends sometime next week, it will be the optimum time for a leveraged play to the downside for a substantial slide. Like as in a 10x bagger.or more. Vitas