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


To: bobby beara who wrote (7368)3/2/1999 8:34:00 PM
From: Impristine  Read Replies (1) | Respond to of 99985
 
Hey!!
I would like the opportunity,
to withdraw my previous daily contribution....
and due to the full moon,
i would like to allow
hubert few
to make my daily market call...

exchange2000.com



To: bobby beara who wrote (7368)3/2/1999 11:46:00 PM
From: Jack Luo  Read Replies (3) | Respond to of 99985
 
bobby,

My reading of nasdaq weekly chart tells me that we may have one more high before the market starts to decline. There were 4 nasdaq top-bottom cycles in last 3 years, each cycle lasts about 9 months with 6 months up and 3 months down. It's only 4 months from last nasdaq bottom in Oct. 1998 to recent top in Feb. Your chart of OEX most actives looks very interesting. I think that we will see wave 5 either in the end of March or in early April. However, the bad news in last a couple of days makes me very nervous. If bad news continues coming in next a few days, the market may continue this decline trend till it hits the bottom.

BTW, you did a great job on these charts. Keep up the good work.

Jack



To: bobby beara who wrote (7368)3/3/1999 5:18:00 AM
From: Arik T.G.  Read Replies (1) | Respond to of 99985
 
BB,

I agree with your read of the Naz composite.

- The big volume distribution from 1/6 to 2/5.
- The bearish 5th leading to the top.
- The H&S pattern pointing to the 200 MA area (target 1885).

But one cannot say weather the fulfillment of that target would constitute C of 2 (only correcting for the 4 months rally) or 3 of 1 of A (correcting for a much larger scale).

ATG