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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (16854)6/11/1999 12:57:00 PM
From: pater tenebrarum  Respond to of 99985
 
Bobby, re:DOT, the break-out from the triangle and the subsequent run back to the breakout point were classics. much lower prices are possible and even probable. there has been pain, but not enough of it. analysts continually calling for a bottom in the group should make the bulls real nervous imo.

regards,

hb



To: bobby beara who wrote (16854)6/11/1999 1:20:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Bobby, re: generals watch, INTC ran back up to resistance in the 55 area and promptly turned back down from there. MSFT tried to break out to the upside from the contracting B-bands we were observing, and the breakout failed. usually such failed breaks are followed by a sharp move in the opposite direction. admittedly the MSFT situation is unresolved at this point and may still turn around; but i wouldn't lay bets on that.

regards,

hb


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