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

To: Investor2 who wrote (36513)	1/3/2000 9:18:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 99985

i live by a different rule... "know when hold 'um and know when to fold 'um" sometimes risk outweighs any gains left on the table

To: Investor2 who wrote (36513)	1/3/2000 10:47:00 PM
From: StockOperator	Read Replies (4) \| Respond to of 99985

Get ready for a decisive move in the markets. Despite the torrid pace of the NAZ advance we have many charts for individual companies still in consolidating patterns. This is to include the DOW which has not yet broken out of it's long term formation. The divergence between the bond market and stocks is, however, very confusing. It is at times like these I believe you have to look at the charts for the indivdiual companies for clues as to where prices may be going. With the close today I am seeing stocks positioned for a huge rally. A broad based move in the tech sector. To include stocks like PCLN and NTOP which have been going sideways. Many of these charts have patterns that are hanging on a thread. But they appear ready to bounce. Pay close attention here to the banking stocks to include stocks like NTBK. If this rise in rates is going to kill this sector stocks like NTBK should continue to fall apart here. Right now it appears to be basing. If not NTBK could explode higher. Another group of stocks to watch here would be the online brokers - NITE, AMTD, NDB and EGRP look explosive. Also keep a close eye on the DOW. The uptrend is established and the trend overall is very tight so the DOW has almost no room for downside action so I would expect to see some support come in here at these levels. These are a few things to watch as the markets sorts through the divergences of rising rates and stocks. Keep in mind that many stocks are just now breaking consolidating patterns. If we can hold these levels here, any upside action could extend this bull run out for a longer time period. The next two weeks should give us our answer. Good trading. SO