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Strategies & Market Trends : MDA - Market Direction Analysis

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Jan 16 4:00 PM EST

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To: Zeev Hed who wrote (76749)	5/10/2001 8:28:53 AM
From: Robert New	Read Replies (1) of 99985

Yes I have been watching that triangle closely. Ive also been doing a fair amount of trading during this consolidation. The daily swings in many stocks have been incredible. I would be happy to see this consolidation continue for a while but as that triangle tightens we should see a breakout fairly soon. For example, have been buying SEBL at 43/44 and selling at 46/47. Its been making this round trip almost daily for the past two weeks. However, as you know once a trend is evident it rarely holds for very long....

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