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

To: Stephen M. DeMoss who wrote (40763)	2/19/2000 2:55:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

>>>It was talk like this which preceeded the powerful up move last October. <<< Yep, i believe we are close to a bottom timewise also, but talk like that is not a buy signal by itself and the naz needs to join the downside action to turn the crowd really bearish to put in a bottom. 207.61.23.98 Let somebody else catch that knife -g- b

To: Stephen M. DeMoss who wrote (40763)	2/19/2000 5:29:00 PM
From: KY	Respond to of 99985

"Also the institutions have tons of new cash from Ira's which need to find a home." God forbid this cash could find a home in some undervalued stocks sectors. Would not be surprised to see some money managers start waking up around DOW 10k and start investing in non-tech. Sector rotation out of tech at that point after a nice correction would be healthy...for the Nasdaq/qqq. But of course this rotation would be short lived and the tech love in would resume. KY

To: Stephen M. DeMoss who wrote (40763)	2/20/2000 11:54:00 AM
From: James Strauss	Respond to of 99985

The Market... *************** Stephen: You make good points about a potential bottom, but with the S&P 500 below its 5 and 13 day Moving Averages, and the 5 day MA below the 13 day MA, the short term trend is down... siliconinvestor.com The series of declining tops represents a classic decline... When this happens to an index that represents the 500 biggest companies, it's better to conserve cash until the pattern reverses itself to the upside... Jim