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

To: pater tenebrarum who wrote (15655)	6/2/1999 6:46:00 PM
From: Vitas	Read Replies (1) \| Respond to of 99985

Heinz, wouldn't it be interesting if we followed the July '98 pattern of a drop to under the 50 ma, a week of sideways, a drop to the 200 ma 3 weeks of sideways, then a drop into the nine month cycle low. decisionpoint.com the 25 day a-d "GZ" indicator is similarly situated. Vitas

To: pater tenebrarum who wrote (15655)	6/2/1999 6:47:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 99985

Growth stocks very oversold and overdue for a rally. The past two weeks has been one big selling climax IMHO. ALmost nothing has gone up for more than a day. All because of inflation fears which IMHO are overblown and already priced into the market. I don't believe the Fed will or should do anything. Gas prices are coming down. That will bring other prices down. The war should end soon. We are due for a summer rally and I'm beting on it bigtime. Bought today near low mostly nets, drugs, techs. It was a firesale. Holding now for near-term rallies, trimming off as we rise. Thank God May it over. Remind me next year to divest completely in April.

To: pater tenebrarum who wrote (15655)	6/2/1999 7:53:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Heinz, I'm going along with j.o's call of a wave four on the spx, we are consolidating above a really important support for the spx, the internets, etc. that the bulls don't want to give up, volume is low during this consolidation period and we are waiting for the break, given the bullish sentiment and the 9 month cycle bottom ahead I believe the break will be to test the 1215 area of the spx. Given the bull bear fight in this thread going on, I think we are at a decision point and we should break one way or another maybe on friday's eco numbers, yesterday McOscillator gave a minor change reading which implies a big move in 1-4 trading sessions. bb