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

To: bobby beara who wrote (20852)	7/22/1999 7:32:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Bobby, that would jibe with the july 7 cycle low not arriving as expected. btw, according to some, a 3 1/2 year cycle is supposed to have crested recently, just as short term cycles turned up. as usual, it's hard to say what to make of this. i just inspected some individual stock threads, especially of the speculative variety, and there seems to be an awful lot of consensus about a bounce starting to-morrow. then again, a bounce does seem highly probable... regards, hb

To: bobby beara who wrote (20852)	7/22/1999 8:48:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 99985

I've also noticed big volume doji's near resistance on several market leading stocks, this is a sign of distribution. I noticed this on the stock I was holding. For the past two days, two doji days on very high volume, after a steep decline on low volume. I was wondering if any of you gurus could enlighten me as to the possible implications. I was thinking it was due to institutional shorting, any comments (a nasdaq stock, by the way). I've mentioned before that I can't really get a handle on the volume implications of this stock. Any insight to help me learn is most appreciated. It just doesn't make sense to me that so many shares could trade and the stock doesn't budge and then on other days the price flies around on nothing volume. Anyway, I sold my position. Thanks for any insight.