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

To: Terry Whitman who wrote (43783)	3/21/2000 8:12:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

Terry Whitman: I mentioned in an earlier post, that the SPX could set new highs while the COMPX and NYA do not...due to the divergence between the two and the SPX weighting toward the NYA. I think this volatility is whipsawing a lot of folks. Actually, the bounce today came right on cue, but I admit it was a little stronger than expected and turned into a full-fledged intraday rally. I just downloaded my end of day data and the charts are worth sharing again. I don't have time tonight to upload them all to my chart page, but I will be uploading one or three and link them to this thread later tonight. I'll add my take as well! We got to "think" like criminals...<g> Regards, LG

To: Terry Whitman who wrote (43783)	3/21/2000 9:48:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Terry, that got me (being one of those front page watchers -g-) about all the hoo hah and hoo rah about the price of oil, the chart had a spike up and bearish engulfing, i believe this is an IT top for oil, but i don't think it will fall apart here, but consolidate or correct, oil topped in coincident with a djia bottom, a resurgence in crude will be rude on the djia. i've been trading all on the long side on drugs, retailers, and some other old economy stocks since before the breakout last week. Monday i started buying gold stocks, today i traded out of my old econ stocks and bought ndx stocks, my only remaining short was rambus which i covered today. Nice nyse a/d today, this rally won't be over till we peak in the mcoscillator, drop and make a lower peak. with a higher price. I think we can run minimum into mid april. new lows are drying up, we have a signifcant broad based bottom in place, even phillip morris went up a little on bad news. GE has a classic failed H&S pattern and is headed to new highs. stoopid spekulator b