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

To: Giordano Bruno who wrote (8034)	3/12/1999 6:51:00 AM
From: Moominoid	Read Replies (1) \| Respond to of 99985

April 1st. Looks pretty good for the top to me.... As far as I see we are going through an almost exact rerun of last Jun-Jul. The MacClellan stuff, stochastics, MACD (last two on IQC site) and my own indicators (long-run Bollinger Bands and time series stats) all are doing more or less a rerun on the NYSE and SPX respectively. I'd say there were 2-3 weeks to go now before the turning point. In Aus we are heading to the magic 3000 number on the All Ordinaries. Only 50 points to go.... Of course the All Industrials has been performing far better. Mining stocks (the All Resources index) are dragging down the All Ords. Even so it's at a record high. David