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

To: HairBall who wrote (14960)	5/26/1999 12:44:00 AM
From: Stoctrash	Respond to of 99985

LG, dude...my thinking is pretty much in line with yours here. I'm looking for a low and maybe we already saw it. The price action will be the deciding factor and we could tank from here but I'm leaning towards "it's not different this time". I'll have my charts up in a few. homestead.com

To: HairBall who wrote (14960)	5/26/1999 1:03:00 AM
From: Casaubon	Respond to of 99985

Jeezus, glad to have you back LG. BB was scaring the crap out of all of us <g>.

To: HairBall who wrote (14960)	5/26/1999 1:13:00 AM
From: Smooth Drive	Read Replies (3) \| Respond to of 99985

Good post LG, I'm encouraged that the Dow Jones Bond Average turned up. Its interpretation is at Message 7842134, and it now looks like this: 107.00 X X 106.08 X O B O 106.06 X O X O 106.04 A O X C 106.02 X O 2 106.00 2 X O 105.08 X O X O 105.06 X O 9 O 105.04 X O X X O 105.02 1 O 1 O 7 O 105.00 X O X O X O 104.08 C 3 C 4 X O 104.06 X O X B O O 104.04 X O X O A O 104.02 B O X O X O 104.00 X O X X 8 X 4 103.08 A O < High Pole X O X X O X 5 103.06 X O X O X O 2 7 9 O X 103.04 X O X C X O X O X O X 103.02 X 4 B O 1 X O X O X 103.00 X O X O 3 X O 102.08 9 O A O X 102.06 X O X X X O X < Low Pole 102.04 X O X O X O X O 6 102.02 X O X O X O X O X 102.00 O 5 DTB > 8 O X 4 X 101.08 O X 7 X O X O 5 101.06 O X O X O X 9 X O X 101.04 O X O X O X O O X 101.02 O 6 O X O 101.00 O 100.08 9 9 9 9 6 7 8 9 The fact that it turned up after this too long 20 box down column is, again, encouraging. The double bottom sell signal at 106.00 happened on February 2nd! A Low Pole buy signal occurs when an O column moves below a previous O column by at least 3 boxes, and the next X column retraces more than 50%. In this case, the current column of X's would need to rise to 105.2 before we would get the actual buy signal. But, this reversal up right here tells me that this could be the bottom, or the beginning of a bottom for bonds. It could well reverse back down but this reversal is a good sign. Take care, Eric