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

To: Jerry Olson who wrote (27781)	9/28/1999 10:06:00 PM
From: Jorj X Mckie	Respond to of 99985

OOOOOOO, I tell ya, watching the realtime charts today had me going from elated to downright bummed. I have noticed that often the charts for the indices can be taken out by one box and still act as if the support or resistance held. You don't think somebody would be running stops, do ya? I would like to see at least the BPHILO reverse before taking a s/t bullish tone. Somehow, I don't think that today's activities will help that case. quote.yahoo.com The DJBB came close to reversing, but not quite. We would need 100.00 for a reversal. We actually closed lower than the open. finance.yahoo.com Most sectors do look oversold, so I think that a BK is out of the question. But another 10% doesn't seem like too much of a stretch. JXM