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

To: bobby beara who wrote (46239)	4/14/2000 1:22:00 PM
From: HairBall	Respond to of 99985

bobby beara: I am long as well for now...closed shorts and went long a little after noon ET....when the NAZ Emini bounced at the Fib retrace level...to clear! Trader be nimble trader be quick...these rallies most likely will not stick...<g> (How's that impristine?) EDIT: As a matter of fact...SP Emini repelling from the lower boundary of its previous gap up as I type. Regards, LG

To: bobby beara who wrote (46239)	4/14/2000 1:33:00 PM
From: RocketMan	Respond to of 99985

Logical but gutsy. Old proverb: "good thinky in stinky Market and portfolio get dinky." I'm keeping my hedge puts on.

To: bobby beara who wrote (46239)	4/14/2000 1:35:00 PM
From: set	Read Replies (2) \| Respond to of 99985

I suppose you're looking at Dec 15 for support? I don't personally think it'll hold for long. users.uswest.net this is a weekly NDX. The best chances for a bottom or bounce tend to come when the middle oscillator touches the bottom of its range. Still a way to go there. That doesn't mean there won't be strong rallies sooner, but since my big short is an end of day instrument I'm not going to micro-manage it.