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


To: bobby beara who wrote (9911)4/5/1999 11:39:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Japan OTC Fund (JOF) is up about 50% in March alone.



To: bobby beara who wrote (9911)4/6/1999 7:14:00 AM
From: donald sew  Respond to of 99985
 
Bobby,

>>>> The final leg up began on 2/18, 55 fibonnaci days later is tomorrow,which is also 34 days from the 3/3 turning point and 89 days from the 1/8 turning point.

Liquidity being sucked out! Japan on the mend, 1st quarter Small Cap Fidelity Japan fund up 40%, compare that to our RUT, now thats a bottom <<<<<

Yep, and its right in line with my CLASS 1 SELL signals. Watch for that DOJI today. Of course if there is a DOJI the media will say that the market is resting, but statistically per the candlesticks it is a reversal signal. We could also just start selling off.

Just checked with the futures and they are now basicly flat, not that I rely on them that much, but its a hint.

seeya



To: bobby beara who wrote (9911)4/6/1999 7:54:00 AM
From: Casaubon  Read Replies (2) | Respond to of 99985
 
yup, I believe we are going to experience the top this week. We'll probably see an evening star pattern. The weekly RSI will top out in the low 70's, and the stochastics mid 90's. There...that's sticking my neck on the line.

iqc.com