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

To: stockycd who wrote (22131)	8/4/1999 10:40:00 PM
From: Lucretius	Respond to of 99985

HO HO.... CNBC has been blatantly rabid bulls for 3 yrs, and it has never been time to sell? 1 day of bearishness and it is time to buy?? LOL!!! even morons get a clue every now and then... they just don't act on it. -g-

To: stockycd who wrote (22131)	8/4/1999 10:47:00 PM
From: bobby beara	Respond to of 99985

Chris this time is different -g- timely.com after a double weekly bearish engulfing candle the nasdaq made a bear flag which was dried up three sessions ago on very small volume, now we have broken 50 day 50 ema on increasing volume, i believe the next real support will be at the indicated bottom 50 day band which is also the 200 dma. this is a larry moe and curly joe top, don't fight the stooges, the trend is your friend and we gotz lower highs and lower lows. woob woob woob, nyuk nyuk nyuk, =g= bb

To: stockycd who wrote (22131)	8/5/1999 12:03:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

EDIT AT BOTTOM Well I'm going to keep my eye on the Dollar, FWIW I sense that if the dollar rally's "then" the market..it's short covering by the big parlay Forex/Bond/Stock investment bankies.. IF the market Rally's before the Dollar, then I take it they are accumulating with cheap dollars. I sense they want to drive the dollar down another 4 or 5 % so they can get an even bigger discount, but they may not. At any rate I'm watching the dollar as much or more than I am the indexes, or even the interest rates. The bigger moves are all tied to currency swaps, forget the BS that the news pundits put out..they are after all not going to say anything really honest about the market, you wouldn't expect a pimp to tell you his hooker had aids would you. Jim EDIT as I write this I see a gap up in the morning, but the Dollar is down ? That may change.. But if we can get a good gap up on on stocks with a weak dollar it could put in a bottom, at least short term. Check finance.uk.yahoo.com before the open and convert EU to US$