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


To: donald sew who wrote (7578)3/5/1999 10:15:00 AM
From: bearshark  Read Replies (1) | Respond to of 99985
 
Don: I am neither bull nor bear. I am just excited about this move. It appears that the movement of the last 6 weeks has been resolved. The triangle can go either way when, and if, it returns to the apex. At that point the market will either say I can or I cannot. The other nice feature about this specific time is that the INX will be approaching the top of an ascending triangle. It will support the decision made on the INDU stocks. The INDU is now the strongest index. But how would anyone feel with GTand the like at a PE of 33.

Finally, in addition to the formations, my numerical information is at a decision point now. These points in the market come about two or three times a year. It is where easy money is made.

It is nearly Spring and I can see a beautiful meadow just outside of my little cave.



To: donald sew who wrote (7578)3/5/1999 10:27:00 AM
From: bobby beara  Read Replies (3) | Respond to of 99985
 
Donald, we are getting a breadth thrust right now that should send the McCllellan Oscillator up in the high double digits or higher after being below the zero for most of the last couple of months.

That's a buy spike.

quote.yahoo.com

Also we have the a/d bouncing hard of the October lows.

This market is going to new highs out of this compression we've been in since early January and the failed H&S pattern on the nasdaq.

bb