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

To: bobby beara who wrote (45287)	4/6/2000 11:18:00 PM
From: sandeep	Read Replies (1) \| Respond to of 99985

Bobby, I agree with you about the momentum bottom being in. However, all the major stocks (sunw, qqq, intc, csco, ebay)closed just below resistance. The strong ones like intc and csco fell below resistance, the others rallied to resistance. Tomorrow will be interesting...

To: bobby beara who wrote (45287)	4/7/2000 1:16:00 AM
From: Susan G	Read Replies (2) \| Respond to of 99985

Another one bobby, the cover of the new issue of Business Week is titled "Is the Party Over?" An excerpt: Don't panic--investors are just seeking quality It was the most volatile day in the history of the stock market. Both the Dow Jones industrial average and the Nasdaq plummeted more than 500 points before staging a remarkable recovery. Thousands of margin calls went out around the country. Accounts were closed out. Novice investors who had made thousands in a few months saw their bounty wiped out in the course of a few hours. Even seasoned investors, who were coming to believe that Wall Street had signs pointing in one direction--up--were shaken. Is this just the beginning of a major market shakeout? Is the party over? and you will like this one: 'Momentum had taken the Nasdaq to levels it shouldn't have gotten to in the first place,' says Joseph Battipaglia, market strategist for Gruntal & Co. Wait a minute, wasn't he predicting those levels for the last 6 months?