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

To: Jerry Olson who wrote (24926)	9/5/1999 1:25:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Jerry, >>>>> it's do or die at the FOMC..till then we're going UP on every index i follow... oh btw..downside risk??? 9100 Dow 2330 Naz... another major buying opp... the nets are gonna explode right here... <<<<< I have been calling a trading range, with only few some sectors setting new highs(so referring to it as a slight upward bias) since MAR. Im not as confident as you are that we will break out to new highs ACROSS THE BOARD. The DOT.X still has not set a HIGHER HIGH, so until it does. along with other indices, I will hold to my position. Then again Im not as smart as you to predict the big moves gggggggggggggggggggggggggg. seeya

To: Jerry Olson who wrote (24926)	9/5/1999 2:43:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 99985

I think usually it is the first pullback in a newly formed trend that has the least risk associated to it. But we have an interesting case here. The prices were gapped up to such an extent by the MMs and specialists that it left many at the starting gate, even the "pofessional" player who does not gamble before the fact on the markets reaction to news. Furthermore, after the gap up, there was no pullback of any significance. So there are allot of waiting players out there ready to jump aboard, both public and professional. The question is will they wait for their anticipated pullback? Or will they dive in on a minor pullback when the price continues to prove itself, which would actually help make this leg up also a relatively low risk play? Thoughts to ponder. Bob Graham PS: It was interesting that QCOM first broke out of its bottom followed by EXDS and the NASDAQ index in anticipation of a breakout by INTC. Also EBAY continues to log impressive gains at apparent turning points in market sentiment such as the one we have just experienced, once again one the stocks that lead the NASDAQ up to extend its gains made earlier in the day. By the way, EXDS and QCOM are part of the "hot stocks" from a list Cramer has made up. I think these stocks are worth following. Note that here I am not saying to trade, just to follow.