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

To: pater tenebrarum who wrote (10063)	4/6/1999 10:19:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

heinz, been looking at many nutz charts, I believe we should have another boffo day tomorrow in selected ones, the reaction in yhoo looks like wave 4 correction. I bought AMTD this afternoon, because I expected this pullback before the final push. Techs and internets have made a pattern of topping a couple of days after the Dow at major tops. I don't know about AOL, it could have another run up tomorrow also. We could even go into the morning of the 8th. The topping pattern in the DOW and OEX is very bearish, if fulfilled we should have a major sell-off coming up in the not too distant future. Galbraith's Bang, not a wimper! Q would make a Yahoo turning point! (and make MDA go over 10,000) -g- I also have an alternate wave count of the OEX that counts the run-up from 12/14 a fifth wave rising bearish wedge, which clears up the ugly count in the index. bb

To: pater tenebrarum who wrote (10063)	4/7/1999 12:13:00 AM
From: Les H	Respond to of 99985

'Major' Internet Announcement Coming Tuesday April 6 3:16 PM ET NEW YORK (Reuters) - A news conference is set for Wednesday on what is billed as a ''major Internet announcement in the media business'' involving at least two companies, a spokeswoman for the public relations firm organizing the event said. The firm, Robinson Lerer & Montgomery of New York, said in a statement that the conference would feature ''the companies' CEOs and other executives.'' A spokeswoman would not identify the companies involved. The briefing is for a ''major Internet announcement in the media business,'' the statement said. Robinson Lerer's clients include America Online, the biggest Internet services company. Rumors have swirled for days that America Online was looking for a big merger in the media sector. Speculation has centered on a possible acquisition of CBS Corp. A spokesman for CBS was not available to comment. A spokeswoman for America Online declined to comment. Two sources close to America Online said they were unaware of the planned press conference. The conference is scheduled for 10:30 a.m. EDT at the Righa Royal Hotel in New York City. America Online and CBS stocks both rose after the advisory was issued. AOL stock rose sharply immediately after the announcement but quickly fell back to 163 5/8, off 3 5/16 for the day. CBS stock jumped 3 5/16 to 45 5/16.