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

To: pater tenebrarum who wrote (10783)	4/13/1999 10:59:00 AM
From: donald sew	Respond to of 99985

Heinz, >>>> stanley nabi of dlj, states he has become less bearish, due to the improving market internals.he is already the second prominent bear who starts shifting his stance somewhat. as enthusiasm starts to spread, the rally gets nearer to it's end. <<<<< I am noticing how the RUT is moving up significantly. I have not been in the market that long, in fact I came into the market in the spring of 1996 when the micro & small caps were running. I recall that for about 1-2 months the micro/small caps ran hard and then the DOW top out in MAY and a correction followed. I brought that up in respect to what you said that a blow-off top develops in a broadening market which is starting to occur over the last few days. I follow the 9-month cycle and the top of the 9-month cycle, in a bull market arrives near the 6th month which would be APRIL 8. I also checked from about 30 years of data that the latest a top is set is around the 7th month, so normally it produces no less than approximately 2 months of flatness/downswing. In other words I would not yet negate the 9-month cycle just yet. But for the short-mid term I have turned bullish, subject to confirming that this rally is not motivated just/mainly by last minute IRA contributions. Seeya