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

To: Les H who wrote (7938)	3/10/1999 6:30:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 99985

Thanks Les. Now I understand Donald's comment. challo

To: Les H who wrote (7938)	3/10/1999 7:22:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Les, exactomundo shahar.nets.com:2000/Oscillator.gif from the beara files, as I have been reporting since the 3/2 peek into the abyss, we have completed the 55 day peak to trough correction, the mid point bottom in the 9 month cycle like early Sept. 97 and June 98. The extreme bullish sentiment in the leading tech sector has been squashed and now bearish sentiment is the norm. Several permabulls who were sure we were going to new highs in early January are now much less sure. The McCllellan Summation Index has now turned up for several days off an area that has proved to be an oversold bottom over the last two years other than the panic cycle bottom of September 98. The summation is within a couple of days of crossing it's 20dma which has been an important crossover indicator of major sell or buy signals. We have a second trip across the zero line Oscillator buy spike off a rising bottom formation and narrowing tops formation that could be construed as a triangle that could lead to increased volitilty, that would be in keeping with the breakout of a short term narrow consolidation period for two months. With the summation index going up, there is no reason to be bearish, when that rolls over, then it's time to look for a top. The train is rolling down the tracks to greater fools day. bb