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

To: HairBall who wrote (7721)	3/8/1999 1:34:00 AM
From: Berney	Respond to of 99985

LG, As always, your analysis is excellent! All tops and bottoms of a trading range (OEX) are critical points. Many an investor parts with mucho dollars at these points. I echo your caution. Let the market tell you what its going to do. Until it breaks out of the trading range, it is simply in a trading range. This week will probably commence the funny pages equivalent of earnings warnings. All it will take is a couple of the Big Boyz to warn to send this market South again. My observation is that more than a couple will always warn! As I stated a couple of times, it entertains me that bad news seems to always come out at the top of a trading range and good news at the bottom. It is going to be an interesting week. But then, aren't they all? Having also been trained by Bill, BWTHDIK. Berney

To: HairBall who wrote (7721)	3/8/1999 1:49:00 AM
From: Challo Jeregy	Respond to of 99985

Larry, your analysis and the time spent to study, download and critique your charts are greatly appreciated by myself and, I'm sure, others on this thread. There is so much information on this and other threads, that sometimes I forget to thank everyone for all of their hard work and dedication to the process of trying to read this market. I spend more time reading SI than do most of you who contribute such noteworthy items to it <G>; so your statement "Those of us that do contribute our analysis, know the time invested in each other's post" is truly understood by all of us, I'm sure. Geez, just reading all these posts takes my whole week-end!!! Thanks to all of you. Regardless of market direction, ya'll do a great job. Challo

To: HairBall who wrote (7721)	3/8/1999 2:14:00 AM
From: Challo Jeregy	Read Replies (1) \| Respond to of 99985

Larry and all, it looks as if the Nikkei fizzled out. I suspect our markets will move in a similiar fashion tomorrow. biz.yahoo.com What is interesting is this stmt - ''A lot of traders don't really believe this upward move. It could continue until the end of March, but then who knows?'' said Dhia Bitar, a senior institutional sales trader at Nomura Securities Co. Maybe they are listening to Dennis' cycles guy.

To: HairBall who wrote (7721)	3/8/1999 9:30:00 AM
From: HairBall	Respond to of 99985

To All: Thanks for the kind words. I want to take another opportunity to thank Monty for providing a place for us to share our charts. He is very busy at this time, but has not complained once. Back to the Market: As indicated in my post before last Thursday's open, I felt that the TYX.X (interest rates) were moderating (leveling off) and would likely begin to retrace much of the recent rise. I felt this would stay any further decline in the Market at that time. Frankly, I did not expect the dramatic rise we had, but I did expect a rise above the DJI's old high. As evidenced by today's open of the TYX.X it is continuing. However, I do believe this is just a retrace/correction and that the longer term will be for rates to continue to oscillate up. Keep an eye on rates as you formulate your investment strategies. BWDIK as always... Regards, LG