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

To: StockOperator who wrote (12936)	5/5/1999 12:39:00 PM
From: Compadre	Read Replies (1) \| Respond to of 99985

SO: Bonds are at 5.699 right now. And I have a non revocable buy signal on my trading system for the NDX. I feel that we will see some sort of bounce by tomorrow or even today. (A dead cat bounce???) Regards, Jaime

To: StockOperator who wrote (12936)	5/5/1999 11:19:00 PM
From: StockOperator	Read Replies (4) \| Respond to of 99985

Get ready for an explosive move in the avgs!!! Seldom do I get this excited. But after looking at the charts I am convinced we are going to see an explosive move up - across the board - RUT, DOW, trannies, NAZ and S&P . The big money of course will be made in the internets. I believe once the highs are seen we will all stand back in total disbelief. And to think the smart money took us to the brink this week with some serious damage to the intermediate trend. But look at the reversals today once again across the board. Those reversals combined with the trends ALREADY established or in place are the main reason why I am so emphatically bullish. I believe the next two days we will see the price action for the major indexes as well as prices for the individual companies position themselves for what I believe will be a huge run up starting NEXT WEEK. Or perhaps this Friday considering the govt. will release the employment data. The utilities are pointing higher so perhaps that data (which should be favorable) will cause rates to drop out of this danger zone. One more thing about the nutz. I believe the most money will be made in this sector. Their charts, from the major players to the minors, are positioned, imo, to make a serious move. Stocks like Priceline (PCLN) look explosive here. TRADERS and I emphasize that or anyone with sound trading discipline should spend much time analyzing their charts. Remember this is my read on the markets. You and I prosper or die by our own actions. So do your homework. Don't buy anything because of something I said. My main purpose in this post is to just give us all a "heads-up" to what looks like a explosive pending move in the markets. Of course my read could be wrong. Alan G. is speaking tomorrow and he is capable of saying anything. Besides, rates are still at a dangerous level and could pop here on any negative news including the jobs report. So I don't believe you have to buy anything tomorrow. As a matter of fact the prudent thing to do in this situation is to wait until AFTER you see a the trend unfold so you are not whipsawed in and out of anything. The next couple of days will tell the story. Good luck and I hope I am right. Regards, SO EDIT: One more thing that I think will he very important. Tomorrow almost has to be a positive day across the board. All the indexes should close in the green to validate today's reversal. I cannot emphasize this enough.