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

To: Teresa Lo who wrote (33638)	11/18/1999 5:39:00 AM
From: KeepItSimple	Respond to of 99985

YES! According to CNBC, the SEC has launched an immediate investigation into the practice of "ad bartering" as a method to fraudulently pump up revenue figures. I TOLD YOU GUYS!! HOW MANY FREAKING TIMES DID I WARN YOU THIS WAS GOING TO SCREW A LOT OF PEOPLE? I think we're going to see every major advertising funded internut stock get slapped with fines, as well as being required to restate their quarterly reports. As in the non-cooked kind. Man, it feels good to be vindicated. Wonder if the SEC was reading this board while i complained about the corruption? :)

To: Teresa Lo who wrote (33638)	12/3/1999 9:28:00 AM
From: Teresa Lo	Read Replies (1) \| Respond to of 99985

The Traders Notes for Friday, December 03, 1999 We noted on Wednesday that the S&P and the NDX had retraced back to the 20-day exponential moving average and if the market was indeed still uptrending, buyers would be found in this area. (Chart not shown). With the non-farm payrolls numbers safely out of the way this morning, and no surprises to the upside, the market can proceed to test the recent all-time highs. On the 65-minute charts of the Nasdaq 100 and the S&P 500 index, the lines in the sand are drawn. This is one of the most important tests in recent memory as the S&P 500 index is also testing the high on the weekly chart. A close below 1390 on this index will confirm a sell signal in this time frame. In trading today, after the release of the non-farm payroll data, Treasury Bonds are trading to the upside. On the daily chart, we noted this Wednesday that bonds had made a reversal day on the test of the October lows, but needed a day of higher highs and higher lows to confirm that a short-term low was in place. This appears to be the case with today's employment today. The initial target for the Treasury Bonds is the 20-day EMA overhead in the 112^26 area. The Trader's Notes prepares the trader for the day ahead, providing observations on market sentiment, internals, support/resistance levels and key pivot points in the major market indices using the daily chart. Use of moving averages and the Average Directional Index (ADX) indicator helps to determine whether the market is trending up/down or chopping sideways. Using Japanese candlestick charting techniques, observation of market action around support and resistance assists in the analysis of supply and demand based on fundamental principles of classical technical analysis. The results set up "if-then" scenarios used by the trader during market hours. Technical analysis is not used as a tool to "predict" the future or to pick tops and bottoms. It is used to detect areas of trend change and emerging trends. In a trading range, traders generally look to buy at the low end of the range and to sell at the high end of the range ? or stay out all together. In a trending market, traders generally look to enter the market on every retracement until it enters a trading range and ends on a test. The goal is to buy every dip in an uptrend and sell every rally in a downtrend. The trend is your friend until the end when it bends! Charts specific to these comments have been posted to intelligentspeculator.com