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


To: dennis michael patterson who wrote (45286)4/6/2000 10:51:00 PM
From: bobby beara  Read Replies (2) | Respond to of 99985
 
d, short term i believe the bulls have the edge, the panic on tuesday resulted in a 3 column front page spread on the LA Times, not your usual major october bottom 7 column spread, but enuf for a floor for several weeks.

catching a flying star will be a lot harder now than it was leading into the march top.

b



To: dennis michael patterson who wrote (45286)4/6/2000 11:18:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
>>>I lightened up<<<<

screaming buy signal -ggg-

some of the most oversold techs are coming off very small double digit 9 day rsi and are totally washed out, good for a least a bounce for a week or so - min.

b



To: dennis michael patterson who wrote (45286)4/7/2000 12:10:00 AM
From: Stephen  Read Replies (1) | Respond to of 99985
 
Trading tomorrow is easy ... isn't it ??. We open flat ... go up triple digits ... I go short ... and after hovering for a while ... the market sells off before the close.

Well .... thats my plan ... GG.

FWIW, my observations these last 3 days suggests there's been a fair amount of distribution. If I didn't know better I'd say the markets were being held up whilst the big boys get out ... bwdik. I just want E-Bay to continue to climb so I can average into my short in an orderly fashion ...GG

Stephen



To: dennis michael patterson who wrote (45286)4/7/2000 12:27:00 AM
From: HighTech  Read Replies (2) | Respond to of 99985
 
I read your comment earlier today about IBD calling the drop. I also read the article - my third day of 7-day free trial. They sounded like they really saw it coming. Were they saying those things the day they happened? Or are they just puffed up with 20/20 hindsight commentary?

HiTech