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

To: bobby beara who wrote (9902)	4/5/1999 10:41:00 PM
From: HammerHead	Respond to of 99985

The warning from Gillette and the further price cut from Intel to boost the sales could pour some cold water to the hype on earning expectation tomorrow. I think this rally will top after the Q1 earnings release - end of April. Then we might have minor correction since the Q2 is usually the weakest for the hitech. The buying-dip gluemania will come in again after this minor correction, then the final rally to the top of this bull market followed by the millennium crash. You know - the gluemania psychology will finally fade away. It wouldn't be the Y2K bugs but the psychological panic. I predict the millennium correction will be severe and short(less than 6 months). Then another golden opportunity to put my farm on the stock when the dust is settled. Also if the Kosovo war prolongs, we might see the inflation inches up sooner. I heard the report that we already spend $300mil tax payer money on the operation. Maybe $1bil a month?

To: bobby beara who wrote (9902)	4/5/1999 10:54:00 PM
From: Bull RidaH	Respond to of 99985

Bobby, Looks like the melt-up is underway. But things still look solid, with a 5 Day Trin reading of around 4.6, there's still room to go. Tomorrow is the dreaded Bradley turn day, and marks the high of the Bradley index for the year. Thus one must be on top alert between here and Wednesday (especially if Don Sew says so!)<g>. I doubt the Gillette news will be bad initially, as they're only going to miss by a penny, and they see a resumption of strong 15-20% earnings growth in the next few quarters. I wouldn't be surprised to see the stock close up strong tomorrow if the market cooperates with another strong day. The nets have gone parabolic. If this 325 to 333 area doesn't hold, next resistance looks to be in the high 350's. Great chart on the Janus 20. The count looks good too. The unpredicable thing is how high will the 5th wave run. My $$$ is on 1358 SPX, as shown on my 2 week chart on the MDA website. R & R, David

To: bobby beara who wrote (9902)	4/5/1999 11:54:00 PM
From: Jack Luo	Read Replies (2) \| Respond to of 99985

Bobby, the trap is laced with honey and a horny cow, when the steel door shuts it's hamburger I couldn't help laughing when I read that line :>) Thanks for posting that chart. Is it updated daily? The waves are much more clear than in those index charts. What's your opinion on YHOO which shot up to close to its all-time high 222 on 1/11. Will it reach a new high tomorrow? It will announce earning after Wed. close. It appears that people are again betting YHOO will have a big positive surprise. Last time, YHOO tumbled even it delivered a +37.5% surprise. Thursday would be an interesting day. Jack