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

To: KY who wrote (40026)	2/12/2000 3:34:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

KY: It doesn't take much time at all! Actually I bet less time than it took to right a complaining post about a thread being always bearish! I wish you luck retiring in twenty-five. Investing and trading is what I do. I actually enjoy it and look forward to it each and almost every day...<g> Regards, LG PS: I actually make more money going long than short. And I have picked just about as many bottoms as tops! But that's another story and I don't want to bog down your retirement initiative...

To: KY who wrote (40026)	2/12/2000 6:09:00 PM
From: Michael Watkins	Respond to of 99985

KY, Jan 14's close and the days following left me anticipating a big decline in the SP. Didn't hit 10%. Close tho. And its not neccessarily done. All tops start somewhere. Its worth being cautious whenever trading below recent highs, and that is the extent of my advice. If the Nas can powerup, terrific. But at this point I'm keen to see next week's trading in CSCO to see if it confirms my sense that a top was put in there too. I'll post some more on key networking and semi stocks later... but I'm with Donald on this, failure in semis, and NWX components, will have quite the negative impact on the Nasdaq. What we don't know is how the multitudes will react to that and whether they'd be able to rally it back up again. The failure of rallies is the definition of top...