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

To: Terry Whitman who wrote (37322)	1/12/2000 9:55:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 99985

Government denies report on plan to split Microsoft. yahoo.cnet.com It's been awhile since I've seen so much unsubstantiated rumor-mongering. Every financial rag online jumps to report the latest rumor, this time a rumor started by USA Today, which cited unnamed "sources" saying breakup is practically a done deal. biz.yahoo.com

To: Terry Whitman who wrote (37322)	1/12/2000 11:15:00 PM
From: StockOperator	Read Replies (2) \| Respond to of 99985

The broad market indices are running right into support levels here. I would watch what happens the rest of the week. If these levels are to hold the markets should begin to firm heading into the end of the week. The government report released tomorrow (I've forgotten which one) should have an impact on an already nervous bond market. Rates have completely blown through my last major long term trend line. I am obviously looking for some type of reversal as we head into the Fed meeting. If we do not get one soon we may indeed be heading into a more inflationary phase in our economy. I still have my doubts, however, it is never a good idea to fight the obvious directions in prices. Besides the broad market avgs many of the individual stocks that I track are also sitting on long term support lines. Keep an eye on the ebrokers - they are hanging on a thread. Also watch the action in the linux stocks. Some of the ones that I follow have interesting price action. Stocks like EPLS and NSPK are at "do or die" positions. They should start to break any day now (one way or the other). Despite the volatility this bull market is still on track. Friday's close will be important. Good trading. SO