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


To: Crimson Ghost who wrote (43640)3/20/2000 1:58:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
George S. Cole: The "old economy" rally has narrowed to select Dow issues. Note, while the Dow Industrials is up, the weighted NYSE Composite has been in and out of negative territory all day...basicaly moving sideways. The Russell 2000 has fallen slowly most of the day, so far!

The VGY continues to dance around the shorter-term descending resistance line today, indicated on my QChart VGY Chart. Available for viewing on my Road Kill Chart Page.

The question is are we seeing a short-term floor being put in place or a ceiling...place your bets...I am already installing a fan...<gg>

Regards,
LG



To: Crimson Ghost who wrote (43640)3/20/2000 9:56:00 PM
From: NucTrader  Read Replies (3) | Respond to of 99985
 
>>Positioned correctly for a change<<
Au contraire! you should be short both the new AND the old economy! ;-)