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

To: Benkea who wrote (47131)	4/18/2000 11:24:00 AM
From: Secret_Agent_Man	Respond to of 99985

sell at 11:55 buy back @ 3:11

To: Benkea who wrote (47131)	4/18/2000 2:09:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

benkea, the nasdaq downtrendline comes in at around 4k-4100, which may be a resistance point, but i would just trail stops, we've had a completed ABCDE test of the trendline and the 200 dma on nasdaq and today if we finish strong into the close we may have a 90% upside volume day with a/d strong at 3 to 1 (and putting in mornings star candlesticks on a lot of the really oversold buggers), dennis finally thru in the towel and went bearish yesterday -gg- maybe the topping pattern on the nasdaq will end up being a failed H&S pattern with the gap being taken out today, time will tell. b