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

To: John T. who wrote (41206)	2/24/2000 12:02:00 PM
From: Doo	Read Replies (1) \| Respond to of 99985

Hmmmm.....I don't know that one either. Are these stocks that I can trade!??!?? hheheheh

To: John T. who wrote (41206)	2/24/2000 11:43:00 PM
From: Michael Watkins	Respond to of 99985

Rather than just look askance at the Dow, have a look at the entire NYSE. Its within spitting distance of touching its Oct 98 lows. This is not a 30 stock problem... its thousands. Even the Nasdaq-specific advance-decline line underscores this. This move is getting narrower and narrower, and that just simply can not go on forever. It will break - could be tomorrow, Monday or next year, but it will. And when it does, it will break very big... Hey, thats a heck of a wedge on the Nasdaq daily forming; and just pierced a little on the upside today. A gap up (to complete a bull trap) in the am, followed by even a modest reversal would set up an interesting formation in time for next week. I'm not suggesting that will be how it will play out, but I have found it profitable to anticipate the diabolical and be ready... ;)