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

To: KM who wrote (13726)	5/12/1999 11:23:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

truff, if we are indeed in the making of the grandsupercycle top, the pinpoint will be hard to find and the reversal should be dramatic, no distribution just a big reversal. >>That fast 200 point drop was a good wakeup call for me. Had been getting complacent.<<< I believe these kind of reversal are actually healthy and people are still worried, I think that the complacency found at the top of July 98 is farther off in the future. It would be easier to say we had a top here if both the Dow and the SPX had the same patterns, but the spx is showing a lot of skeptiscism here, backing and filling. I believe that we need to get all markets back to overbought area like they were in 4/98 before a new big wash starts.