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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.04-1.7%Nov 13 4:00 PM EST

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To: eichler who wrote (55241)6/25/2000 4:02:00 PM
From: James Strauss  Read Replies (2) of 99985
 
Telecoms...

Eichler:

Here is another way to look at it...
bigcharts.com

The 10 day MA is above the 20 day MA on the one year chart... Note the recent V bottom and bounce back... This is a pretty good support area...

WCOM has Williams %R pointing to a possible double bottom in the 34.00 to 35.00 range...
bigcharts.com

Now, when the mood is very negative in this sector, we could see a turnaround...

Jim
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