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

To: dennis michael patterson who wrote (31079)10/22/1999 4:40:00 PM
From: KM  Read Replies (1) | Respond to of 99985
 
Bearish engulfings need confirmation.

I remember one very recently on CIEN and RFMD for that matter, remember I posted it to you? Both were negated the next day.

They can't use Intel, Dell or IBM any more so Cisco is the last one standing. They used to do this to Lucent too, remember?

I'll believe it when I see it.



To: dennis michael patterson who wrote (31079)10/22/1999 6:39:00 PM
From: Tim O.  Read Replies (1) | Respond to of 99985
 
just read the news, csco drop because of earning shortfall rumor. it traded up a point after hours.

i agree with your assessment. big techs (including aol) were weak. come november when the market is devoid of earnings news and antsy of FOMC, we should get another good buying opp. Y2K lockdowns will also affect some tech companies, meanwhile retailers are strong (WMT making new highs again).


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