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

To: Robert Rose who wrote (14370)	5/19/1999 2:31:00 PM
From: HairBall	Respond to of 99985

Robert Rose: LG, you are a BEAR! Say one thing positive about this market, I dare you! I can only assume you mean fundamentally, so...OK, you win that one... I am neither a bull or a bear. I assume you have missed some of my up calls. However, I do not confuse technical rallies with justifiable fundamental rises. I invest in this Market all the time both up and down. But I am a realist...this Market is overvalued and has been for some time. The only way I have been able to make a case for a rally for some time has been purely on a technical or sentiment basis. You most likely will remember me taking a bullish stance as the NAZ was correcting earlier this year. I don't remember anyone joining me with my expectation at that time. I was calling the formation a falling wedge (bullish formation), of the Dow, which it was, while many were trying to see a descending triangle (bearish formation). I guess you missed that one. After calling the July 98 top, I reversed only one day after Oct 8, 98. I could go on...<g> I really am a technician who calls them as I see them, but that does NOT close my eyes to the fact that the Market has been fundamentally over valued for some time! And besides, you gloat when my beloved inets go down! I dare you to link to a post...where I gloated about the inets going down...<g> Regards, LG