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

To: yu who wrote (26565)	9/21/1999 4:11:00 PM
From: Matthew L. Jones	Read Replies (1) \| Respond to of 99985

I don't know about the stocks that you all were watching today, but at the close I saw large buy orders in several stocks. MOC buys. That doesn't support the two day slide theory IMO. The market had very light volume and the selling was pretty well "small money". Put that with the buy on close orders I saw and I am inclined to believe we gap up tomorrow. Think about it, we got hit with AAPL, BOJ, and an earthquake and the NAZ loses 65?? If that is all we drop on that kind of negative news (and that with no volume) I have to believe we go up from here a little further. Matt

To: yu who wrote (26565)	9/21/1999 4:12:00 PM
From: LTK007	Read Replies (1) \| Respond to of 99985

<<Was it beara said crash always started from oversold areas? Could this be it?>> as a neophyte this is what would make the most sense.A sharp downturn from an overbought situation would be in a natural market dynamic,but a sharp downturn from an oversold situation would I feel necessarily be much more ominous--crashes are rare events so I would surmise they are presaged by movements against the natural market dynamic--have to admit I am all ears and eyes now and lurking on this thread a great deal.Keep up the great discussion.Max