MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: da_cheif™ who wrote (63671)	12/4/2000 11:45:01 AM
From: HairBall	Read Replies (1) of 99985

da_cheif: In spite of the soft NAZ today, after a little more consolidation and "maybe" one more spike down, I believe we're near at least a intraday to short-term lift off! I will play it as a counter trend rally until proven otherwise. EDIT: We will get spikes from the news events, but the big boyz are going to take the market in the intended direction. QCOM <----- Knocking on its Jan falling resitance line, semi-log scale. NTAP <----- After a bearish consolidation at its Oct 98 rising support line, it continued its move down and pivoted a little above a complete retrace of the April rising trading channel Thur. RMBS <----- Pivoted right at the May low last Thur. Regards, LG

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