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

To: Les H who wrote (21892)	8/3/1999 1:10:00 PM
From: Robert Graham	Respond to of 99985

I see on the NASDAQ a possible bounce. Divergence in momentum type of indicators. Stochs moving up from an extended oversold condition. Key stocks such as Internets holding support surprisingly well and those techs that have been under accumulation like MSFT, INTC, LU, and CSCO holding up very well with some still on the plus side. Bob Graham PS: Looks like price on NASDAQ index is validating. An intraday gap up which is not normal for an index. We do need to see increasing momentum on the upside right now.