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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: mattie who wrote (23761)	9/22/1999 11:20:00 AM
From: shasta23	Read Replies (2) of 68218

Hi Mattie! Don't know anything about MDEA but when i look at the volume then i think that it's too low for a real breakout. But then again you proofed me wrong a couple of month ago when you predicted VTSS to run and boy did it go up!! Will put MDEA on watchlist. IT has old(1996) overhead in the area it is trading now. I know, that's a long time ago,but i heard some experienced technician say that it still matters. Matters less than recent overhead but still. Would like to see a more decisive break above the 7 level and then pullback...but thanks for pointing it out. BTW i wish i had held onto my UNFY i had from the low teens a couple of month ago. Just did a quickie but would've faired much better holding onto it. WHich is true for most stocks this year. Take care... STEFAN p.s. HI Clint...if you're around: What's your take on the market right now. Doom and gloom prevail but you told me not too long ago not to get to bearish. Any change in opinion?

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