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


To: KM who wrote (36989)1/7/2000 9:03:00 PM
From: Terry Whitman  Read Replies (2) | Respond to of 99985
 
The A/D line shall lead us. <g> So you're in the trading range camp, eh? The old saying is "The markets are in trading ranges (move sideways) more often than not."

The UTILs tipped us off again, along w/ the standard employment report bullishness. I would not have been short on a dare today.
Message 12473790

Not everyone on the kahuna thread was a dancing bear. <g>

Did you notice this move.
quote.yahoo.com^HCX&d=3mm
Jumped from a 52week low to above the 200dma in 2 days. Wish I had a few MRK calls. <g> Will be interesting to see if it also breaks out of the falling trend next week.

Mainly I'll be watching the A/D, the VGY, and the NYSE comp. to see if this can last. The internals today were very impressive.



To: KM who wrote (36989)1/7/2000 9:11:00 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
KM: I know you saw all the dancing bears last night. They didn't see it coming.

Well I am not sure who you are referring to...<g> The SPX futures hit my projection today for a short-term bottom. This non denominational trader went long on a few riskys today...<g>

CDTS long at nine and sold into the close. NXCD long at 30 sold into the close. Covered my QCOM short from 180 to 142 and went long QCOM at 144 and doing a rare overnight hold, I think it was the angels that moved me...<gg>

My little pet theory is that they'll bring this sucker back up near the old highs to suck in a little more public money, then tank it after option expiration.

Seems possible...<g> Like I said dipping the dipsters!

Regards,
LG