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

To: bobby beara who wrote (8710)	3/22/1999 6:03:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Bobby, This may have already been mentioned. I heard a technical analyst on CNBC today say that a declining A/D could lead a big pullback as much as 16 months. He was asked if the A/D could improve, and he basicly stated that historically it has not corrected prior to correcting significantly first. I also believe that the condition to the current A/D was similar to 1929. If I misquoted please correct me, since my dog was going nuts at the time of that interview and I may have missed something. Can anyone confirm what this analyst was saying. seeya

To: bobby beara who wrote (8710)	3/22/1999 6:43:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

BB i'd be careful shorting MSFT...it splits on Fri...and it printed 174...Blue Sky Pal....my P&F read... it may retrace, but i would dive in then...if they settle, before the trial starts up again in Apr, then ZOOOOOOM....200 would be quick... of course i have been known to be wrong, once in awhile<g>... not often BB, not often....:>}

To: bobby beara who wrote (8710)	3/22/1999 10:52:00 PM
From: Death Sphincter	Read Replies (1) \| Respond to of 99985

well my stinky friend.....from your post "so how do you read that chart?, considering todays action with the McOscillator going into zero, it's looking like Friday morning may have been the top. the five wave decline off the top was followed by an indecision spiral and of course we got broadcast.com to broadcast the top (craps i got stopped out last week -g-)" if you are assuming that the move up from the 3/2 low is the 5th and final wave up from the Oct low....then there are only 3 ways it can end what can we eliminate? #1...a standard 5er...with wave 1 being a 5er of its own, 2 being abc, 3 being a 5er of its own, 4 being an abc and 5 being a 5er of its own........looking at this scenario, and the count you posted, it has 3 lapping all over itself, bad internals for 3 of 3, and lapping back into wave 1...this kind of count looks dead #2....you get a standard 1, 2, 3 and 4 and then 5 is an ending diagonal,...with the 5th lapping all over itself....in this case 3 would have ended on the high of the 9th or 11th,..followed by 4 and then the 5th is lapping allover itself in a series of 5 abc's with 4 of 5 lapping into 1 of 5 #3....the whole damn thing from low of 3/2 is a 5th wave ending diagonal...five abc's.....1 abc up to 3/9...2 abc down...3 abc up to high on 16th...4 down and lapping into the top of 1 on 3/9?....5 abc up to??? was the 5th abc up to Friday 1323 or was that the 'A' of 5 and now 'B' down and 'C' of 5 up starting tomorrow? break below 1290? death to this scenario i am playing it as #2 or #3........but consider the following if you think this was a 5 waver up from Oct 8th, and you are counting the Dec 14 to Jan 8th as '3'....then '3' is shorter than '1' and therefore this 5th MUST be less than '3' (3 cannot be the smaller than both 1 and 5) so the upside of the move from 3/2 has a definite measured distance that it can travel thats not my preferred count...i still think that a huge ending diagonal type thing started in 96-97....we will overlap soon into the 9000 and most likely 8000's or -8000's and then begin the final assult of 11,400 area later....this will be when the GREAT DEATH SPHINCTER WILL RAISE UP ON ONE CHEEK ...well you already know the rest anyway you count it, the upside is limited for right now, a serious correction is about to happen...will the McOsc makes a little bounce off the ZERO? and then a grand? i am stinking up this thread and spraying MY OWN SCREEN WITH LYSOL i better get out of here One Big Stain regardless, it all ends the same