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

To: pater tenebrarum who wrote (28622)	10/6/1999 10:52:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Heinz, Just looking over some charts, and I believe that there is a BEARISH WEDGE forming on the NDX and should be resolved within a month. UPPER TRENDLINE = intraday highs of 7/16 & 9/20 LOWER TRENDLINE = intraday lows of 8/10 &9/24 The upper limits of the wedge does permit new highs in the NDX, but only slightly. seeya

To: pater tenebrarum who wrote (28622)	10/7/1999 3:50:00 AM
From: fedhead	Read Replies (2) \| Respond to of 99985

Heinz This market is ignoring bad news in the form of a tightening bias by the fed. Wouldn't you call that bullish ? Also the internets and the sox as well as leading stocks like csco, qcom, jdsu barely blinked in the recent pullback. Now with yhoo's blowout report I think we head to new highs. Gold seems to be topping , the oil services sector have sold off after haliburton's disappointng report. In fact the oil patch did not meke new highs after crude hit new highs. I have a feeling the interest rates have seen their highs for the near future and the stock market is handicapping that. Thanks Anindo