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

To: John T. who wrote (48475)	4/28/2000 12:57:00 AM
From: el paradisio	Respond to of 99985

John,thanks a lot,that explains.Maybe something else will come from that,what about cogestion ,if the price will stay in that area....to heavy to hold in my view.It has to be resolved up or down, fast... el paradisio

To: John T. who wrote (48475)	4/28/2000 1:15:00 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 99985

I concur, it wasn't a dark cloud cover, however it was a failed test of top. Normally I'd be shorting such a stock round about now. intelligentspeculator.com However GE's volume pattern over the past month makes me think its likely GE will mass the strength for at least another attack on new highs. If that transpires, any failure should be shorted immediately (or longs exited). My two cents. I suppose failing GE plus failing financials and already failed MSFT would be a good start to whacking the DOW down. ;)