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

To: dennis michael patterson who wrote (38981)	2/3/2000 8:14:00 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 99985

A friday employment report has meant a rally for- oh, must be the last 11 out of 10 times. Hard to bet against that. <g> biz.yahoo.com The market has regained it's upward momentum. And it's still a MoMo market. Nuts and chips have the mo now- until they don't.

To: dennis michael patterson who wrote (38981)	2/3/2000 9:47:00 PM
From: bobby beara	Read Replies (4) \| Respond to of 99985

Dennis, we are near the top of the nas trading range, there are a lot of stocks that have bases they've developed since mid-december, nok and sunw are among of a few of the big guys, and some semis just broke out of these bases, like txn. qcom looks like it is trying to take out the archipelago and confirming an abc correction. from looking at several of these stocks, i am backing off of my countertrend rally or trading range theory, the nasdaq printed a hammer on monday and everybody and his brother was bearish over last weekend. i believe we may have seen an ABC correction in the techs from the jan high. sox and nwx have already broken out of that formation we need a follow thru breakout over the next couple of days to confirm a new upleg in nasdaq. when you see the sentiment change from amazon the wave of the future, to amazon the POS looser internet squat, back to amazon the wave of the future, one should pay attention. b