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

To: Haim R. Branisteanu who wrote (45409)	4/8/2000 10:52:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99985

Famed technician Bob Farrell calls NAZ rebound a "dead cat bounce" in BARRON'S today. Sees a retest of the lows before long. But likes the old economy stocks on dips.

To: Haim R. Branisteanu who wrote (45409)	4/8/2000 1:16:00 PM
From: HighTech	Respond to of 99985

Of course stocks are better investments than CD's. I doubt you would find anyone on SI that would disagree. I was just pointing out that classic TA suggests that when there is an upward movement in an overall downtrend and when this price action begins to take the shape of a flag while the volume is decreasing, there is a good chance that the price will break down, as it did in 1998. I am 75% in equities now; right after Tuesday I was 93% in equities(I did some buying Tuesday and selling since then) I just want to have some dry powder if this likely event happens. It may not but that's why I'm 75% invested. HiTech