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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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4:00 PM EST

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To: bobby beara who wrote (48429)	4/27/2000 8:04:00 PM
From: Jerry Olson	Read Replies (1) of 99985

Bobby even the bears have too be looking behind now<G>...cause' the bull is on da rampage... if this wasn't a bottom i'll eat my hat...LG damn it!!! so i was wrong about 100 points or so on the Spoo..what the hells a few points between friends????? hehehehehe i called "THE BOTTOM at 1494..it promptly went to 1394 and a piece... so what..heck...i can not be always right...us perma bulls are at least way the hell ahead of the perma bears!!!!! so anyway Bobby...GZ has buy wiggle here on the NAZ...he's long////i should not follow him??? blindly<VBG>... what i really want to say is this...on the P&F charts, the downside of 3450 still exits in my thinking...it actually would set up one gigantic BULLISH Triangle on that chart.. now if we print 3900, thats a new buy signal without going that low...so all in all...this does look ok to me..not great, but tradable... i was in 3 trades today..i was scared all day of that test of the lows would happen today??? never even came close, so i got stopped out for losses on each trade that went on to 5-6 points of profit on each stock...it pissed me off... i can tell this group..that from very oversold levels..THE SEMIS-INTERNETS-BIO TECHS HAVE REVERSED UP INTO bull alert and bull confirmed status on P&F... this could be a good time to nibble on some position type trades into about a week before the FOMC... it really took me by surprise at the total disregard that the markets had from that ECI report today..it means a sentiment change has occured...if bad news like that gets bought??? the bears and shorts are dead...for the moment... as for the NAZ?? my friend Ike said this am, the DOW stocks will get hurt,. more than the high techs, so we should concentrate on the techs again, and pass on the stodgy slower types...because of faster growth and higher interest rates... geez all this made my head spin<GGGG>.... Bobby...we be rockin' and rollin pal... regards to all OJ...

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