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


To: OX who wrote (30705)10/20/1999 8:46:00 AM
From: KeepItSimple  Read Replies (4) | Respond to of 99985
 
Guys, give it up. This market isnt going to drop a point below where it opens today, at least until next year.

All the bad news is out, and the pimps and sluts of wall street will fill every remaining empty second with touts.

They are stock salesmen. Nothing else. Whoever came up with the term "analyst" for these pimps should have been given the biggest bonus in history.

And the truly scary part is that 99.999 percent of the investing public literally thinks these "analysts" are out there trying to help the little guy. They have no clue whatsoever that that person's salaray, job security, and advancement depend ENTIRELY on his ability to push shares of client company insiders out the door to suckers.

Think they'll ever learn? Or is it too complex an issue for our population to understand? I mean, I know 20% of the US can't even read.. But that doesnt mean they can't click on the BUY AT MARKET button in their web browser, while they take a break from surfing for porn!



To: OX who wrote (30705)10/20/1999 8:49:00 AM
From: donald sew  Read Replies (4) | Respond to of 99985
 
OX,

The common rule of thumb is for the NEW LOWs to get below the 40-50 range. During the previous upswing the NEW LOWs improved to around the 130 range(eyeballing the chart), so my guess is that if the NEW LOWs better the 130 level that would be one hint from the NEW LOWs that things are improving, rather then waiting for the 40-50 range.

seeya