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

To: Haim R. Branisteanu who wrote (42093)	3/3/2000 9:17:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Haim: CSCO - I am short at 136. If it does not break down soon, I will close the position and move the monies into a new position. (To be determined.) EDIT: Looking at the NAZ Futures this AM...I may be stopped out! ORCL - Looking toppy, but it is technically in a bullish flag formation. SUNW - Is in a rising wedge pattern, looks toppy but technically has room in the wedge for more upside. IBM - Is testing its 96 support line since the 29th. My shorter-term intraday indicators are overbought, but my longer-term intraday indicators are suggesting a bounce is possible. I would watch for a break and then jump the train. I am leaning toward a bounce. DD - Clearly has broken down. It has dropped below the 97 low and dropped below its 93 support line yesterday. I would not be surprised at a bounce at this support line, as indicators have been in oversold for a while. But, it has been a falling knife...<g> These are all just quick looks... Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do not base any investment decision solely on any one person's views or analysis. Do your own research and take responsibility for your investment decisions.