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

To: pater tenebrarum who wrote (47044)	4/17/2000 6:31:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 99985

heinz, how would you view a strong move thru "resistance" on volume say over the next 2 days? and conversely the failure thereof would signal the bear-trap? Looks to me as if they PPT and all just don't want to let this go down much further if at all...call it pride greed or whatever...we could easily go sideways from here or up a bit and sideways or down a bit and sideways ...yeah, I know, non committal.<g>

To: pater tenebrarum who wrote (47044)	4/17/2000 6:42:00 PM
From: Return to Sender	Read Replies (1) \| Respond to of 99985

I'm still of the opinion that Nasdaq needs to fall further before we reach a point where all the selling is washed out. Wouldn't it be nice to hear Mr. Greenspan say.... "Inflation remains relatively tame. At this point in time we see no need to raise short term rates. Our bias remains neutral with an inclination towards lowering rates if necessary to induce an economic expansion." *Now exactly what level on the Nasdaq Composite might he utter those irrational* words?** LOL, Sender