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

To: bobby beara who wrote (44620)	4/1/2000 6:16:00 AM
From: lurqer	Read Replies (2) \| Respond to of 99985

FWIW I lurk a lot of SI threads. As opposed to the earlier March decline, this latest plunge has left many SI members shaken. It's not "blood in the streets" yet, but a "wall of worry" does (IMO) now exist. We'll see if it's strong enough to support a climb next week. My own assessment is the "worry" isn't yet so pervasive as to indicate an intermediate term (6 to 9 months or more) market bottom. I suspect a market advance next week will result in its rapid dissipation. BWDIK. lurking... lurqer

To: bobby beara who wrote (44620)	4/3/2000 1:13:00 PM
From: Yogizuna	Read Replies (1) \| Respond to of 99985

Looks like a "double top" on HD to me, and the shares are now in solid overbought territory on the daily chart, while on the hourly chart, we should get back into overbought territory if not today, within the next day or two..... Nasdaq getting killed today, and "Mister Softy" refused to come to an agreement with the government over the weekend. These are exciting times we live in! AXP is also in overbought territory with my TA on the daily, and now becoming overbought on the hourly chart too. Yogi