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


To: Haim R. Branisteanu who wrote (42949)3/14/2000 2:59:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Is it true that the people who work on the PPT team leave work at 3:00 pm? <g> From my experience on some projects, it might be true.



To: Haim R. Branisteanu who wrote (42949)3/14/2000 4:31:00 PM
From: bobby beara  Read Replies (2) | Respond to of 99985
 
Haim, yep, i believe key reversal on MU.

207.61.23.98

The upwardly angled H&S pattern on the comp that i have been mentioning had it's base retested on March 8th with a hammer, the next two days we rallied and closed above 5000, the slide over the last two days has broken below the neckline of the H&S pattern, which i believe has made this breakout a false breakout, bull trap.

The reversal in biotechs leads me to believe that this is the top and wave 5 began on january 6th, and not on january 28th.

The DOT leadership has been broken, with aol, amazon clearly in bear markets, i thought this index could provide leadership for higher prices, but that seems much slimmer now.

b