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

To: stockycd who wrote (25650)	9/13/1999 9:57:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Chris, i think we could probably see something of a rally tomorrow also. Let's face it the tech hounds are fighting the fed and fighting higher rates, don't work, just like the bears fighting the fed after green$ lowered rates 3x times last fall. Greenie is only taking back those three rate drops and fed fund rate chart is still way behind the market rate chart. digisys.net descending wedge on bonds and OIL is going ballistic, i know the tech heads say that oil doesn't matter and we are a bunch of bit and byte pushers - (ya rite, they also think that aol will come up with a microchip and a software programme that will read you the evening news and wipe your arse in the john, which will push up earnings 10x -ggggg-) The Dell chart has bothered me somewhat for the bearish case now (i was long dell on the volume breakout of the downtrendchannel but dumped a while ago) The chart has two very defined five wave up moves and now this beehive, which could be interpreted as a bullish consolidation, but may be a fifth wave wedgey. The chart on dell looks like it's ready to rumble to the upside, the nets broke their downtrend, but bear market rallies always raise up bullish sentiment on the slope of hope. yah that gap would be a good place to cover if you went short. bb