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

To: donald sew who wrote (7969)	3/11/1999 8:43:00 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 99985

Just how much more gas do people think the DJI have? Comments from today's Fiendbear report: >>The Dow is now 11% above its 200 DMA. The last time it was this high was back on July 17th when the Dow was at 9,337. Over the next six weeks, the index lost nearly 20% before bottoming on August 31st. At 9,772, the Dow is less than 5% higher than it was back in July but the NYSE advance/decline is light years away from where it was at that time. Furthermore, since the October 8th low, the Dow has risen 2,000 points but the NYSE advance/decline has not moved up at all. The Bulls have had a lot of fun touting the Dow as it breaks records, but the underlying market continues to stink. The Dow may run through 10,000 but that isn't going to make the divergences go away. Sooner or later they will catch up to the stock market in a big way. << Nasdaq around 25% over 200dma. Prior to the last 2 months, that used to mean extreme Danger territory. We've got a NEW ERA now though. <g> So get long in preparation for Ralph A's new 12-15 year Bull run. TW

To: donald sew who wrote (7969)	3/11/1999 8:59:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

donald and ALL: Earlier this month, Rubin called on the Group of Seven industrialized nations to work together to improve domestic demand-led growth in Europe and Asia so the world economy wouldn't have to depend so much on U.S. growth. bloomberg.com Let me see if I can understand this. The “only” way I can figure that a strong US Economy really helps the rest of the world is “if” it means because our Economy is strong “we” the US are consuming stuff like crazy and are buying boatloads of imports, thus running huge trade deficits. Now that would make sense. The US is running up huge trade deficits to support the rest of the world. Let's continue to print those dollars and inflate the money supply so the US stock market and economy can continue to be strong so “we” can buy stuff from all those other countries to keep their economies afloat. I suspect some day in the near future, when the dollar stops being the “primary” currency of choice, all those dollars out there are going to scuttle our ship…. I am just looking at this from a layman's point of view. What do you think TugBoat Captain Jim? EDIT: Globex is telegraphing, that the bearish formations on the RUT and COMPX charts may well be negated this AM. I have seen only one formation negated since I first started posting on SI last June. That was at a market turn. As it seems to be the following phrase of choice these days...”time will tell”. BWDIK as always… Regards, LG

To: donald sew who wrote (7969)	3/11/1999 9:41:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

donald: TYX.X still moving up...suckers open for the Markets? I think your "guitar" will be playing your tune before the morning is over! BWDIK Regards, LG