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


To: AllansAlias who wrote (48390)4/27/2000 11:48:00 AM
From: Cynic 2005  Read Replies (1) | Respond to of 99985
 
<<As hard as it is to believe, I make both the DOW and the Composite as breaking to the upside out of their pennants (bear traps). >>

Why would that be hard to believe? It is business as usual!



To: AllansAlias who wrote (48390)4/27/2000 12:03:00 PM
From: Michael Watkins  Read Replies (1) | Respond to of 99985
 
Alan, the day is not over yet :)

The BKX/BIX are not showing the same strength. GE gapped back down into the congestion zone on the daily chart.

I reserve the right to change my mind but still thinking more downside is in store.



To: AllansAlias who wrote (48390)4/27/2000 12:32:00 PM
From: RealMuLan  Respond to of 99985
 
FWIW, some big cap tech mutual funds, Janus Fund for example, already got out their major big cap tech position more than a week ago. So when NAS was down 4.4% on April 20, Janus fund was only down <0.9%.