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

To: Vitas who wrote (12781)	5/4/1999 5:27:00 AM
From: bearshark	Respond to of 99985

Vitas: It is a far as the crowd can go. Nothing is perfect but this should be close and it may even be on the mark. With luck, I will be able to set my position for any decline. However, this market is still susceptible to a huge one-day negative event. I might miss that. To test it, get a glass and stand near a source of drinking water. See how much water you can drink. Do it over and over again. That is basically it. There is nothing more to a market than its components.

To: Vitas who wrote (12781)	5/4/1999 8:25:00 AM
From: bearshark	Respond to of 99985

Vitas: I noticed your point on IBM's strange volume tick. I checked it on another chart and it was there too. The moneyflow numbers for the SPX and INDU on block trades were generally negative over the last week or so. T is to blame for much of it. I cannot remember seeing so much concentrated hatred for a stock. Maybe they don't think an INDUnet can be an internet.

To: Vitas who wrote (12781)	5/4/1999 12:14:00 PM
From: bearshark	Respond to of 99985

Vitas: As you know, much of what I do is based on the thoughts of Edson Gould. The 20 days are actually 20 trading days. That is the time I believe that it will take for the energy stored in the market to dissipate. That estimate is based on market information but I must have some secrets. There may be a new high after that but it should not be significantly higher. Keep your eye on the DOT. It is weaker than I expected it would be today. But today is still young. By the way, I had brisk sales in bullveralls yesterday.