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

To: Copeland who wrote (7945)	3/10/1999 7:43:00 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 99985

Just when you think the market is incredibly overbought... 'Can't argue with that. If you look at my profile you'll see my two favorite quotes "Markets can stay irrational longer than you can stay solvant" and "It has already been different this time". The articles were published to answer "what it takes for the small caps to make a come back" and were not meant to indicate we are at the top now. I can't see all the ingrediants for the big drop except the catalyst for it. So I don't think Mr. Bear will visit us in the short term. I think (I hope) that I can hear his foot steps as he arrives. One of the indicators that I will rely on for that is the high/low logic. A value of 3 will make me go short and a value of 5 will make me mortgage all I have and buy puts. >> Plenty of greater fools out there. Yup! But I'd like to offer you a Japanese quote from the mid 1980's: The fools are dancing in the street, but the bigger fools are on the sidelines watching them. regards, Sun Tzu