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

To: j.o. who wrote (20996)	7/24/1999 11:58:00 AM
From: bobby beara	Respond to of 99985

j.o., amzn, yhoo, ebay are all on or near their 200 dma and the group is oversold and amzn had a nice volume reversal off the 200 dma friday, but nobody in the rest of the group had much action. we are clearly sitting in an important area of support on the ndx, with donald's class 1 buy and my fava beans we should get a rally. group leader AOL is clearly making lower highs and lower lows, you draw trendlines of the april high and the reaction high. This is normally an area where you would expect a comeback, just have to wait and see. bb