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

To: donald sew who wrote (7730)	3/8/1999 9:16:00 AM
From: Les H	Respond to of 99985

The short-term oscillators are all saying to give it a rest. The Stochastics-5 and Wilder RSI-5 are overbought. The TRIN-5 is at .76. Not much magical about the 10,000 number except for the public. The 28-day moving avg envelope has the upper target at 9878 as a potential peak, while the 28-week moving avg envelope has the upper target at 10,080. Need to see the indices hold in the upper part of the moving average channels before these targets start to move up. Got another weekly sell signal on the Dow due to negative divergences with Up/Down Volume (U/D) Ratio and Advance-Decline (AD or McClellan) Oscillator. Last sell signal was 1/24. Last buy was in October 16. Previous sell signal before that was July 24, 1998. As for the Federal Reserve, they didn't drop the interest rates because of inflation or disinflation. They did it to rescue the bond market. They can always undo this "insurance move".

To: donald sew who wrote (7730)	3/8/1999 9:32:00 AM
From: dennis michael patterson	Read Replies (1) \| Respond to of 99985

Don, you were correct the LAST time analysts were saying "Dow 10,000". Wasn't it "Dow 10K by the end of December"? We'll get there. And when we do, we'll cross back over to the 9,000ish range again, as always.

To: donald sew who wrote (7730)	3/8/1999 10:23:00 AM
From: j g cordes	Respond to of 99985

OT_ Don, got a chuckle from "..why do so many analysts and even those on SI want to boast their position so strongly." If one were to visit many places on SI for the first time it would appear they had chanced on preparation speeches for an academy award. My favorite prefaces include: "As I previouly mentioned..." "When I correctly posted last week that..." To the truly humble intros like: "If you had read my brilliant analysis that predicted exactly..." "Hey Reality ripped me off! Its doing what I said it would!" Just fun, don't anyone take it too seriously.