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

To: HairBall who wrote (9524)	3/30/1999 9:10:00 PM
From: bobby beara	Read Replies (4) \| Respond to of 99985

NBR, the not so Nightly and always politically incorrect Beara Report We are in a terminal phase of this bull run, those who make H&S projections based on the DOW of 11,400 are reading the public (fools) index and haven't noticed that based on how you read it the OEX may have already fulfilled it's projection from the October lows. The $USD is in a terminal fifth wave off the October lows, the weakened $ in the 4th quarter allowed corporate america a breath of fresh air and some profitability, however we are now back in an area of extreme resistance on the $USD and sinking profits of multinationals that are selling at 50 p/e ratios are taking the FIZZ out of the DOW 10,000 closing high. decisionpoint.com (my count makes the move off the 94 lows and extended fifth wave of wave 5 (beginning off the 87 lows) from 1974) Several tech darlings that all in wall street were in bed with as the new year came in, have been tossed like the empty champagne bottles and party favors. those would be heavy marketweights like DELL, IBM, LU, INTC, all former leaders which are making lower highs as the Dow prints 10,000 on the front pages of every newspaper in America. The CRB has broken out of a saucer bottom, rates have broken serious trendlines on big spreads. The worldwide goldilocks economy that was dripping off all the dips lips in 1997 as we now know was a description of the past, now we have worldwide recession, trade wars and shooting wars in the works. Earnings suck, deflation and rates have bottomed. The bull market built on panic buying boomers and corps taking supply off the market by borrowing money (thanks too Uncle Al's Big M2 Money Machine) to buy back stock and taking supply out of the market. has just lost all the legs of the three legged stool. Bradely called the 24th bottom nicely, however it may be tough to taking this limping pathetic bull all the way to the 6th, at least maybe a few non-profit public companies may be counted on to make new highs -ggg- and pull up this pitifull bull. There is some good news, short selling is quite profitable and the market usually goes down at a much more rapid pace that up. bb

To: HairBall who wrote (9524)	3/31/1999 12:19:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 99985

Hi LG Talk about late .. I still haven't got all my reading caught up! data for tomorrow (will it be a don 1 or don 2 day?????) rough OEX equivalents: Large fork tines: Upper : 1311.69 (10.94) 661.5 (5.52) Mid : 1246.75 (-54) 628.75 (-27.23) Lower : 1188.63 (-112.12) 599.44 (-56.54) Small fork tines: Upper : 1315.71 (14.96) 663.53 (7.55) Mid : 1269.63 (-31.12) 640.29 (-15.69) Lower : 1223.55 (-77.2) 617.05 (-38.93) globex special note again The futures were bought up after the close of stocks yesterday. So that means that globex could be in negative area and still within buy program land. Globex opening trigger values: Buy trigger : -223 (1313.47) Sell trigger : -653 (1309.17) Prem values for the day: buy trigger 12.72 fair value 10.52 sell trigger 8.42 Gersh