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

To: Jerry Olson who wrote (9011)	3/24/1999 11:23:00 AM
From: HairBall	Respond to of 99985

Options Jerry: OT Clean up your post. This thread is for cordial and respectful exchanges. Please respect that! That is two attacks by you today on this thread!!! Regards, LG

To: Jerry Olson who wrote (9011)	3/29/1999 8:05:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

OJ, I have been away at the Miss Manners Posting Clinic for a week now. I promise to behave (NOT!) Forgive me for being a loose canon, but I sincerely believe we are zeroing in on the BK. That sell-off was an ABC correction and I sounded the alarm based on the five wave move from the 3/19 top, not the last time I'll be wrong. The generals are going down (intc, dell) and soon only GE and MSFT will be left. We took the major indexes to new highs in August/October 1997 (the worldwide bull market peak) on 100's of new highs, now on just a few. That was when the "worldwide goldilocks economy" was dripping off the lips of all on wall st. Great contrary indicator, shortly after that Asia crashed. Rates are headed toward 6%, it will take down all the high p/e stocks, just like it did in the 4/97 correction, however the p/e's on the high flyers are double or more since 4/97. Today's low volume NYSE volume cross of Dow 10,000, with oil stocks in the lead is a stinker.