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


To: StockOperator who wrote (13003)5/6/1999 3:49:00 AM
From: Berney  Respond to of 99985
 
SO, Again, I find myself agreeing with your analysis.

The next move has the potential to be extremely explosive. Frankly, whether that explosion is up or down is yet to be determined. But, I agree that today is the day. The charts of the Big Boyz are primed and loaded for a move up. If Mr. G and the employment numbers do not spook the market, this could be one of the short-term trading opportunities of the decade.

While the move yesterday afternoon was dramatic, most of the Big Boyz are still up against or below their daily trend lines, and the nutz are bumping into their 60-min resistance. If we break through here, the blow-off could be intense. If we don't, down is a long way. I don't know which way it is going to be resolved, but I go to bed long.

JMHO, BWDIK, and all other disclaimers apply!

TB