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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%4:00 PM EST

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To: KymarFye who wrote (67655)1/25/2001 8:11:14 PM
From: eichler  Read Replies (1) of 99985
 
Kymar

<maybe 2525(if man is still alive)> LOL ....now where have I seen that before???? LOL

Nice short play on EMLX, Kymar. I think it is the "shorter's"
turn to have some fun now. Always seems that the upmoves come in bits and pieces, while the downmoves come in big chunks. So while the longs get to play longer, the shorts get their rewards faster!
EMLX daily chart is quite sloppy looking, hard to pinpoint references for fib. retraces, but I think it is safe to say, lower prices ahead. Weekly chart looks cleaner, showing a clear double top (3/27/00, 5/25/01). Lots of room below on that one...

Beara's got that one nailed cold. Like he said, "there's a time for everything, emlx is ripe" Ripe, it is....

I think your comment about the Fed being ready, could help put a floor under the drop, set up another dramatic snapback
will prove quite prescient.

Never saw that expression "Noise Traders" before. LOL
I'll trade ya some freeway noise for some crashing surf noise, OK? ggg

Regards,
Eichler
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