MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: StockOperator who wrote (11639)	4/21/1999 1:41:00 AM
From: Stephen	Read Replies (2) of 99985

My goodness, this thread is getting positively lively (GG). I was missing some of you (welcome back Jaime, James et al) .... I'm still bearish by the way. I mentioned the other day that the 'market broadening' that everyone was so excited about hadn't even broken the down trendline ... but as the nanny hadn't arrived and the baby wanted her bottle I had to cut things short and forgot to post the chart .... decisionpoint.com This p.m. was interesting. The DJIA was down 50+points and the Nasdaq had given back 50 % of its gains when there was a sudden surge of buying in the last 25 minutes. Up till then many stocks like WCOM & CSCO hadn't done too much, and stocks that had good gains such as YHOO, had turned negative. Interestingly, MSFT continued to sell off even as the indices were recovering ... until the last few minutes when it spiked. So, did everyone decide to gamble on MSFT's results ?. Was there a short covering rally that sparked buying ?. Did some people find out what the MSFT earnings & revenues were ?. Of more interest .... will it last ?. Intradays looked good today. Most of the programs seemed to be on the sell side (anyone know where that data is available ??) Wacky trading week so far ...... many on the tech threads & internuts are buoyed by todays action. Hmmmmmm ...... Stephen

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