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

To: dennis michael patterson who wrote (37138)	1/10/2000 8:45:00 AM
From: Shtirlitz	Respond to of 99985

Hold that thought. This rally may be not as strong as it appears to be. We'll see.

To: dennis michael patterson who wrote (37138)	1/10/2000 9:38:00 AM
From: HairBall	Read Replies (4) \| Respond to of 99985

dmp: In keeping with Lee's request to have a more specific post, I am looking to close my long position in QCOM into the open this morning. In addition, I will be looking for short op into this rally as well. Some of the high flyers I have on my radar screen and the levels (maybe sooner, right at the open) at which I will consider taking position are as follows: AMZN: 67/8, 81/2 CMGI: 301 YHOO: 431, 442 The SPY and QQQ using the E-mini Futures for timing. I happen to agree with Favors that this rally will be short lived and a retrace and or consolidation will follow shortly. The AOL/TWX merger may impact my expectations. Sorry, not enough time for charts this AM. As the above will be day trades I reserve the right to change my mind in the blink of an eye, depending on my ongoing read of the market and the individual issues I have targeted...<g> Regards, LG