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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.56

-2.0%

4:00 PM EST

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To: waverider who wrote (73398)	3/27/2001 9:04:23 PM
From: JRI	Read Replies (1) of 99985

An ascending wedge in a downtrend is bearish, not bullish......also, that really wasn't much of a bottom formed a couple weeks back...looks fragile to me.. I did hear Dorsey recommend it however....about 3/4 days ago...you might want to check his site... Good luck....I think there are definently "safer" plays out there....Qcom is such cult stock....45B market cap on 3-4B revenue...don't know if the "new new" market allows such valuations anymore.....one slip by Qcom.....and its a long fall....be careful..

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