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

To: Monty Lenard who wrote (43519)	3/18/2000 9:21:00 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

Monty my problem with TA is that it is so widely used that is not effective any more if the big players want it different. Actually they put a lot of efforts to negate it anyway. BWDIK Haim

To: Monty Lenard who wrote (43519)	3/18/2000 9:38:00 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 99985

Monty, Re: DOW retracement The future is going to be interesting. This weeks bounce off of the bottom was violent and looks like a bear market rally. But then again it may be different this time. <ggg> Joan

To: Monty Lenard who wrote (43519)	3/18/2000 10:06:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 99985

Monty, the one thing that worries me about this rally (except the 50% retracement) is that we never got an extreme in the tick (more than -1100) toward the end of the decline, nor did we get the +1000 tick I would have liked on the bounce (indicating a true change in sentiment). Nevertheless, last March we had the same "old economy" led bounce, without those prerequisites (except we did get a number of -1100 tick reading prior to the bounce) and it led to new highs both in the Dow and the NAZ, leaving the old economy stocks in the dust for the rest of the year. Right now, I am cautiously bullish, having gone above 10450 (which I believe was a watershed mark on the way down), and having the trannies finally showing some life. Of course, this can change on a dime. Zeev