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

To: Haim R. Branisteanu who wrote (46994)	4/17/2000 2:01:00 PM
From: Fun-da-Mental#1	Read Replies (2) \| Respond to of 99985

Heavy selling today, already over 1 billion declining volume on Nasdaq. moneynet.com Fun-da-Mental

To: Haim R. Branisteanu who wrote (46994)	4/17/2000 2:07:00 PM
From: Jack T. Pearson	Read Replies (2) \| Respond to of 99985

If today is flat, I sure as hell won't go long tomorrow morning. Waiting won't have cost me anything, and getting in after the market went up this morning would have cost me a lot . . . so, I'll sit on my cash some more.

To: Haim R. Branisteanu who wrote (46994)	4/17/2000 2:43:00 PM
From: Arial	Respond to of 99985

Haim: I got an hourly count at 1530 on Friday on the SPX that was sufficient for a bounce or sideways action. I think we might rally back to the 4/4 low, but I have a sell stop in just in case (more than 1 tick below Friday's low so the floor traders don't scalp me). The Trin is improving and the 30 minute VIX has turned down. I'm not ready to go long, though, even if we do have a vicious rally. I'm content to sit and do nothing. What bothers me is the way the SPX stopped above its February lows. I would have preferred that those lows were violated, even by a tick. I'll save my ammo for selling.