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

To: Michael Watkins who wrote (46696)	4/16/2000 3:46:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 99985

LOL hahahahaha..thought we hit a bottom huh??? hahahahaha Michael...we may have??? stranger things have and will happen in these crazy markets.. whats funny i bought some CRA Fri chart looks like dog meat, but heck it's down from 250??? and KLIC for earnings on Tues... you know what..i suspect looking at every chart on P&F for the indexs, and markets, we are nearer to the bottom..and for the short term..the risk reward favors the long side now.. but you are correct...we should rally up, and correct the oversold condition,,,but it's a short again for sure...i have the QQQ heading back up too 100, then tank city from there..check the daily on this... no way these markets rally much before the FOMC..they and we are scared... i wonder if the shorts on that wild TUes, when i was away, got as scared as the longs did earlier in the day<VBG>... in all my years of trading the markets i'll never see that event again, will I???? both the DOW and NAZ down over 500 points together, and then BOOM it all came rallying back with a vengence... it keeps things a bit inn perspective..heck if we can selloff 600 points we can rally 1000 easy<GGGGGGGGGGG> regards....OJ