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

To: Matthew L. Jones who wrote (27701)	9/28/1999 5:06:00 PM
From: Jerry Olson	Respond to of 99985

LOL...hahahahahaha i was a bear for ONE day....now i don't know...LOL.... OIL was tanking today..like a said it would i wonder is GOLD inflationary too?????<VBG>.... rock on...

To: Matthew L. Jones who wrote (27701)	9/28/1999 5:14:00 PM
From: J.T.	Respond to of 99985

Matthew, Did you think it was possible for even MITA to do an about face? <ggg> Hmmm. ALLLLLL ABBBBBOOOAAARRRDDD> THE LONG TRAIN.. CHHHOOOO CHHHHOOOO Best Regards, J.T.

To: Matthew L. Jones who wrote (27701)	9/28/1999 5:31:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

I don't think so. Many people were looking for support near 10,085 and for a potential trading range up to either the 200-day moving average (10,263) or the prior support (10,409). With the potential for the trading range to be a pause between the two downlegs.

To: Matthew L. Jones who wrote (27701)	9/28/1999 6:10:00 PM
From: HairBall	Respond to of 99985

Matt: Where did all of the bears go??? The more bearish posters on this thread, usually frequent the Myth Thread as well. So, when rallies occur you can usually find them there, when not appearing regularly here...<gg> Are you guys all flip flopping? What's up? You MUST keep in mind, that folks play a variety of time periods on this Thread. It is not all about long or medium term plays. Many will catch the bounce for a play some will not. And, most on this thread are savvy investors/traders and will not hesitate to shift strategies on the fly when necessary. It is not a good idea to get married to a strategy, not good at all! I personally traverse the entire range from investing for years to trading for minutes. I usually limit my my Market calls to medium-term events. However, on occasion I will post a short-term call and some times I will do it real time on this thread. Good trading... Regards, LG

To: Matthew L. Jones who wrote (27701)	9/29/1999 12:17:00 AM
From: Lee Lichterman III	Respond to of 99985

Matt - First of all I tend to agree with your outlook as I have posted the last few days. I too expect a trading range with a bias downward then a recovery by the end of the year. I don't feel we will have the BK until next year in the spring/summer. The bears didn't leave, there were just about 100 posts from 2 bulls that didn't have any substance to them other than Rah Rah Rah. I came home from work and logged in to see 210 posts to catch up on and hit a string of jibberish about 75 posts long (exagerated). For those proclaiming today to be a hammer bottom, there wasn't enough volume and we did this "hammer" from a level higher than the previous two days levels. True hammers happen at the lows of trends and usually have abnormally high volume. I am not saying today couldn't be a bottom but the candle doesn't support that argument. I just ran through my charts and didn't see much to get excited about. The number of stocks and sector indexes that bounced was minimal. Many sectors dropped and stayed there. Even many of the stocks that did bounce didn't make it back up anywhere near their opening prices. The most troubling thing I saw today was the fake outs. Yesterday I posted that the most bullish sectors were the XNG, RUT and FPP. Today they were very weak. It seems that there are a lot of false breakouts or bullish days only to be reversed within the next couple days. Not sure if it is on purpose to sucker buyers in or if it is just big money testing the waters for what has strength and what sectors don't. My indicators are still near bottom and I did get some buy signals for a short term bounce but I am not bullish in the least and still feel we are in a trading range till the FOMC with the bounces being small and the potential for lower levels still high since we have not reached my targets for most things yet. We came with in 10 points of my short term SPX target although I really thought we would go up a bit more before we tried to make it lower. Still flat and watching. For those that did ride the Mo Mo on AOL and CMGI, I got over bought signals onthem tonight. Not necessarily a signal to go short but a signal for those playing options that tomorrow would be the ideal time to close positions since it is highly probable they will either go into a sideways range for a while or retrace killing premium short term. Good Luck, Lee