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

To: Haim R. Branisteanu who wrote (40207)	2/13/2000 7:15:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

>>>BB due the almost record weekend posting on this tread I can only conclude that we may are putting in a temporary bottom<<< Haim, that would seem so, but there may have been enough "new economy" posts and calls for dow 13,000 to balance out the bearish posts, we will see. The head to head combat on this thread is going on in the nasdaq, with these massive 1 week swings, this is indicative of a top as investors try sort out direction and a market that has gone up steadily since the october bottom with little more that 2-3% corrections (low volitility) is running into price resistance and high volitility. The nasdaq is still sitting on a gap support on 2 billion shares, i could envision another gilligan's island over the next couple of days as investors duke it out - making a head and shoulder pattern, they did rally it off the lagoon at the end of the day friday -g- I'll try to work on a chart later, the Dow is sitting on a support line and oversold 21 9 day rsi, i'll do that one. b