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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.93

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Nov 14 4:00 PM EST

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To: Lutz Moeller who wrote (45734)	4/12/2000 1:01:00 PM
From: Tunica Albuginea	Read Replies (1) of 99985

(CORRECTED)/ Lutz. 1 PM: looks like " The Naz Tanker " is starting to turn up on my chart. PMCS formed a doji candle and the next candle is breaking through upper bands. All very bullish.And all this is happening during " bad,selling-time-lunchtime-hour ". It all looks very bullish to me. Low volume all day. I see no capitulation. Folks just can't seem to want to dump all these Naz stocks and buy paper! Besides the Financials are all up today.So the Banks don't seem to be worried about bad PPI and CPI tomorrow. My diagnosis: Daytraders and market still in love with old flame Naz. In spite of multiple betrayals and infidelity. They look almost like they are " crazily" in love. Like a froth, a bubble, momentum......just keeps churning. When will it stop? I think we'll have to wait for liquefying summer heat, : - ) Naz AM fire - sale over? vbg I loaded the boat on all my favorites, Be back much later, TA

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