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

To: pater tenebrarum who wrote (21110)7/26/1999 1:11:00 PM
From: Robert Graham  Read Replies (2) | Respond to of 99985
 
Looks like the market is trying to size itself up for a bounce. More stocks now at support. But not many have appeared to handle their gap down to the positive this late into the trading session. Not a good sign. Also the way some are trading, it looks like they can take out their support. Add to this the momentum the market as lost by not snapping back Friday.

Comments?

Bob Graham



To: pater tenebrarum who wrote (21110)7/27/1999 3:16:00 PM
From: Yogizuna  Read Replies (2) | Respond to of 99985
 
hb,
Today's action is looking more and more like a bear market rally to me, as so many are already exhausting their "ammunition" too soon here. The "buy the dips" crowd is really showing how impatient they are today, which will eventually lead to their destined downfall. Yogi


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