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


To: American Spirit who wrote (17359)6/15/1999 12:35:00 AM
From: uclatrader  Respond to of 99985
 
fundamental is the same
momentum changes
that is all
i won't go to catch a falling knife
be careful with your capital
shuo



To: American Spirit who wrote (17359)6/15/1999 2:33:00 AM
From: Compadre  Read Replies (1) | Respond to of 99985
 
American Spirit: <About a week ago almost everyone on this thread was bullish (including me).>

Message 10007759

May be only those that you remember reading were bullish at that time. And some of us still think this is in a trading range. Right now there is a possibility of more down side. But first I have a buy signal for the NDX and the NAZ. I don't know how much of a bounce there will be this time, but my guess is that it will be a small one.

Regards,

Jaime



To: American Spirit who wrote (17359)6/15/1999 3:19:00 AM
From: Berney  Read Replies (1) | Respond to of 99985
 
AS, We must be reading different threads.

Don Don's calls were decidedly not bullish last week! In fact, I thought the thread was overly bearish and became a don convert.

Beware of the nutz distractions. AOL could indeed go to 75: in fact, I show the weekly MA at $76 and it hits this level on an occasional basis. Frankly, that broken pennant points a lot further down than $75. It is bloody in nutz land.

However, while all are focusing on the nutz, I'm getting weekly sell signals on EMC, GE, HD, MSFT, MWD, PG and WMT. Now, it's early in the week and I only play those brightly colored blue chips; but, some of the most blue of the blue are looking very blue.

I already have anticipated that the CPI numbers will be neutral, but I'm concerned that, the bears being in control, the neutral report is already being discounted by focusing on the the strong home sales. Excuse me, the powers scare the doo-doo out of folks about rising interest rates and then we are supposed to be surprised that the common folks rush out to buy their dream house.

Oh well, forget EBAY and watch GE and MSFT.

Berney