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Strategies & Market Trends : MDA - Market Direction Analysis

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To: bobby beara who wrote (42732)	3/10/2000 10:04:00 PM
From: Roebear	Read Replies (1) of 99985

bobby beara, RE: "we printed a 2 billion share doji on the nasdaq..." What a absolutely delicious statement. The NDX has had a couple doji's and a hammer 3 of last 4 days? I know candles are not foolproof, but the NDX has responded well to them at tops. Trouble is, pull back is only for 1-4 days, then its back to the races. One of these days though, that big block Nasdaq engine will blow from too many momentum RPM's. Just an off the wall thought, could these huge intraday bull moves be the mirror image of commodities when they blow out the stops before ramping up? As in blowing out the bears? Judging by the P/C and VIX, they are nearing endangered species status. Best Regards, Roebear

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