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

To: pater tenebrarum who wrote (18842)6/29/1999 7:27:00 PM
From: KM  Read Replies (2) | Respond to of 99985
 
Just when you think the mania has finally been reigned in, check out the action in Juniper Networks (JNPR) today.



To: pater tenebrarum who wrote (18842)6/29/1999 7:28:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 99985
 
hb,

Here's a strong technical reason why I believe these equities are moving higher:

Look at the SP cash chart... early this year there were several tops at about 1280ish... the market broke through to the upside and has now come back to test that level as support..... of course, the markets can do what they want, but I believe the heavy burden of proof now rests with the bears.....

My Best.

GZ


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