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

To: bobby beara who wrote (33621)	11/17/1999 8:35:00 PM
From: KM	Read Replies (1) \| Respond to of 99985

I'm figuring fib retracements on the OLBs - they went too far too fast but I doubt they're anywhere near topped. All that Y2K hoarded $$ still out there waiting for a dip? Don't forget, next week is Thanksgiving week. That's really the silly season. Remember UBID at 189, ONSL at 108, BAMM 47? Other stuff, like CMGI, is just waking up. QCOM is the new Dell. They'll never give it up.

To: bobby beara who wrote (33621)	11/17/1999 8:56:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

bobby beara: And for those following qcom, it has the same signature of excess several brokers had at the april top, between 60-100% above its 50 dma at the peak. Don't post that over on the QCOM thread. Seems there is a whole new breed of TA going on over there..."to the moon Alice"...<gg> If you look at the latest momentum acceleration on a linear chart it is almost straight up since the first of November. Even if you look at it on a semi-log chart the rate of acceleration was extreme. I feel badly for those that bought in at or near the top. I did post my short position in the AM Monday almost four hours before the drop began in earnest. Trust me, I did not get many nice replies...<gg> I also posted charts Tuesday on the QCOM thread so they could see areas of support once the decline continued. I hope some took advantage... Looks like OX may have nailed the Max Torment number for QCOM. (340) EDIT: I just un-bookmarked the QCOM thread. Way to much cheer leading and new era TA over there. Regards, LG