MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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To: stockycd who wrote (12310)	4/28/1999 9:56:00 PM
From: KY	Read Replies (2) of 99985

So now the AMZN report is going to break the net's back. I've heard this before. And I keep thinking that it may actually be true. Somebody give me a good reason NOT to buy AOL, CMGI, YHOO, or any of the so called leaders around their 50 dma? Look at all of these charts...each time they hit the 50 dma they bounce back. Are we looking too closely at the charts? Tell me I am wrong. I'll take my chances with a limit order at 125 on AOL. The dealer just always seems to come up with an Ace around the 50 dma line. KY

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