MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: John Pitera who wrote (2432)	12/21/1998 7:27:00 AM
From: Debra Orlow	Read Replies (1) of 99985

John, I also noticed the bearish divergence in the Nasdaq, you beat me to the punch about posting it. A big smile came across my face and my heart took a second beat when I looked at that chart. All it needs is a little more up action, one or two days should do it, even if it consolidates here. But what I do need in addition to that Nasdaq chart is a few of the biggies to conform to that same chart pattern. They are almost there, but need to make higher highs in price before they are perfect. Maybe the MU news this week will be the pop that we need to make those patterns perfect. I am particularly liking the charts of AMAT, NVLS, INTC, MU, AMD, ORCL. Yes, people, to short. Debra

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