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

To: Wally Mastroly who wrote (10787)	4/13/1999 10:39:00 AM
From: Gersh Avery	Respond to of 99985

Hi Wally Hmmmm ... change in trend .. Is that a change in the A/D New Hi/Low ratios or a change in the market trend since 10/8/98? I presume you to mean that this market is broadening and therefor the stage is being set for a major movement up. That's possible .. very possible. As I noted here #reply-6832662 , which by the way was a very nice bottom as noted by L3 moments later, ( #reply-6833123 ) when it seems to be time to head for the bomb shelter it's usually time to load up on stocks. After I read LG's post about the new Yugoslavian offensive that's exactly how I feel. However, if I look at how the cumulative society feels I would expect a pullback here, because the market seems to move in just the opposite direction as the majority feel that it will. Cumulative society being represented by stock valuations and cash flow. After all, stocks are only as valuable as people are willing to believe that they are. Gersh