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

To: bobby beara who wrote (7360)	3/2/1999 8:05:00 PM
From: Claud B	Read Replies (2) \| Respond to of 99985

That, of course, is possible...but I believe the "buy the dips" crowd is about to get a rude awakening. That "Greater Fools Day 1999" may be closer at hand than most are willing to acknowledge. There are other technicals and fundamentals that I look at that say the conditions today are much more, repeat...more...severe than in August of last year. I don't believe this is apparent to the people who day trade on the 'net nor to the average player. I suppose time (as it always does) will tell. Claud

To: bobby beara who wrote (7360)	3/2/1999 9:58:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

I have seen you reference various sectors in your posts over the years so I am curious about something. I have never dabbled in oil but I am getting a hard buy signal on the XOI right now and I am geting numerous confirmation signals to back it up. Now I usually trade with FA in the back of my mind and my TA to tell me the when not why. My TA is saying the time is now but I have no FA as to why since we have been picking a fight with Iraq for months and they refuse to throw the second punch. I see no reason for oil to bounce here other than a few "funny" lines I have drawn and a lot of wavy signals telling me now is the time to jump on it. If the market were to drop hard here, would there possibly be a flight to commodities such as oil along with Gold etc. Could there be a flight to dividend payng stocks due to a perception that this "dip" could last a while and people want to lock in a check every so often to wait out the bear lurking outside the cave? Also in your response to >>>The S&P at that time was about 100 points lower. What's more, while you may think bonds have bottomed, look what happened in August.<<<... Don't forget the dollar is worth about 100 S&P points less now than it was worth last summer. Ain't devaluation great while trying to prop up the tulips? <g> Lee