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


To: KM who wrote (14936)5/25/1999 9:40:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
KM, what are yuuuu krazeee!

don lissen to me, listen to OJ and his great chart on @home

yud be quabits ahead of the game (sorry OJ had to rub it in since you were sticking it to me, i'd expect the same bad treatment if i was that wrong too -gggggg-)

KM, this is my post to sirius, and i donno why it got zeroed.

Jim, just from perusal from the charts, my guess is that 70-90% of the nutzpo's over the last 6 months are below their all time high and probably 50% or more are below there opening day high.

most "investors" in the new era are getting pummeled.

bb



To: KM who wrote (14936)5/25/1999 10:20:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
KM, while your hanging on every word -gggg-

i want to repost this chart.

bway.net

the one thing i left off that i regret is that besides
GE - THEE BLUE CHIP
MSFT - THE TECH BLUE CHIP
not confirming the latest highs . .

Merrill Lynch
THE FINANCIAL BLUE CHIP

did not make a new high and confirm the new highs in the xbd or the major averages.

BTW Merrill's book value is 7x Schwab's the "new era" blue chip.

That given, i believe we are in an area of support (along with my wave read we got 6-2 negative nyse breadth which is fairly climactic) and believe we should consolidate this down move for the rest of the week before wave 5 down. It wouldn't surprise me if we got a real blast down after the holiday with a 9-1 negative breadth day that would give us a decent rally into mid June.

Remember these magazine covers and what they meant to the market.
Married to the Bull - spring 98
The Crash of 99 - Fall 98
The Smarter Bull - Spring 99

bb