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


To: Challo Jeregy who wrote (7119)2/26/1999 11:45:00 PM
From: Wildstar  Respond to of 99985
 
All,
I've updated my market breadth site.

members.xoom.com

The 50 day MA's of the New Highs, New Lows, and Fraction New Highs are flattening out a bit, but the 20 day MA's are still showing weakness.



To: Challo Jeregy who wrote (7119)2/27/1999 7:57:00 AM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Challo,

>>>>> I'm not a Favors expert, but since he was out of the market for most of the ride up from October and is now bullish

I know!!!! Hey, I didn't say he is right!!! <G><<<<<

Thats the problem I have with very strong Kahuna up or Kahuna down calls. FAVORs made a beautiful call targeting 7400 on the downside and he was right on, but could not call the huge upswing from OCT.

Mathematically, I think it is basicly a 50:50 or 60:40 chance of calling big moves correctly. There are just too many variables that need to be consider, and when one thinks everything is covered then something new pops up.

On another topic, I was watching some investment shows last night and the majority of analysts are still saying the the interest rates are going down, but they didnt say why. Am I blind, but I just dont see it. Hey the interest rates may trade in a range but that was not what they were saying.

Sooner or later the price of crude may start to head up - isnt that a major inflationary issue. That may be 6 months - 2 years down the line but few of the analysts are mentioning that. Am I blind again. As Asia and the rest of the world starts to come out of their economic slumps, wont the consumption increase raising the price or am I just blind and OIL will stay this low forever. Keep in mind that most of these analysts are talking longer term also.

I also hear comments that this bull market will never end, sorry but I just have to laugh. Hey maybe Im blind and wrong, but since civilization started their have always been social & economic cycles.
I guess there are no more cycles since the INTERNET is now in phase.ggggggggggggggggggggg

From everyone I speak to the overall feeling is that the BULL MARKET will continue FOREVER, of course with corrections here and there. Its only on SI that I hear a bearish tone for the longer term. Hey I guess Im blind.

Seeya



To: Challo Jeregy who wrote (7119)2/27/1999 11:49:00 AM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
CJ, the consensus opinion at Thanksgiving was Dow 10,000 by the end of the year and we had a nice correction into mid December.

In January the consensus opinion was that we would see Dow 11,400 and technology stocks were the place to be.

Now the consensus opinion is that we will see higher highs in April, especially of note many bearish analysts are subscribers.

DEFCON 3, the 200 point rally in the DOW this week sent the shorts running for cover.

bb