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

To: Lee Lichterman III who wrote (31867)10/29/1999 7:09:00 PM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Lee,

Today was the highest volume day for the NAZ. Im wondering if that could be a short-term capitulation sign for the NAZ.

There are plenty of SHOOTING STARS/ GAP HEAVEN. Im not saying that there will be a huge selloff, just that Im also sensing some sort of upside capitulation. Look at GE. It looks parabolic to me.

seeya



To: Lee Lichterman III who wrote (31867)10/29/1999 10:13:00 PM
From: Terry Whitman  Read Replies (2) | Respond to of 99985
 
Lee- Our old pal VIX said today was a top. 8% move in two days. How greedy can they be. <g>

decisionpoint.com

Bear Market rally is my guess. I saw that LG is actually playing this top short. I am not so bold. I'm holding some gold shares as a bearish play. Also dumped some bonds today.

BTW- If the market gapped down on monday- wouldn't that OEX chart be an island reversal/abandoned baby?


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