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

To: fedhead who wrote (43012)	3/14/2000 6:26:00 PM
From: Ditchdigger	Respond to of 99985

Anindo,I'm surprised you don't include GE in your watch list.Looks like a another failed rally under the upper band 207.61.23.98

To: fedhead who wrote (43012)	3/14/2000 6:29:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Anindo Majumdar: QCOM and YHOO are already below their respective 50-Day SMA...at least for now! Regards, LG

To: fedhead who wrote (43012)	3/14/2000 8:10:00 PM
From: bobby beara	Read Replies (4) \| Respond to of 99985

>>>>JDSU, QCOM, YHOO, CSCO etc<<< Anindo, ya LG gave it too me for calling qcom a bellweather -g- This is for dennis mostly, Shobin called the nyse financials and ge as bellweathers (and don't forget favors gann quarterly sell) Of course the new economy ignores those now. The Dow Theory pays attention to the transports and the Dow, but if you subscribe to the "new economy" theory and believe they don't matter - ok. But if you believe this is a tech mania, you will understand that when the top comes, the reversal will be swift and will require quick thinking. I have some belief that the right shoulder rally on the dow from the bottom of the broadening top formation all took place in the nasdaq and we may have already seen the right shoulder rally. that would mean the reversal on the nasdaq would be quite extreme. don't kid yourself with growth and earnings, the spx tech component grew 17% last year, hardly prolific given the multiples. b