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

To: James Strauss who wrote (48517)	4/28/2000 11:52:00 AM
From: el paradisio	Respond to of 99985

James,agreed.This brakeout can take some time,we are braking not only symmetrical triangle but 20 MA as well. As long as consolidation is in the upper area,looks very bullish. el paradisio

To: James Strauss who wrote (48517)	4/28/2000 1:01:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

James Strauss: We are witnessing divergence once again. As you have noted pressure seems to be mounting for a continuation up at least in the COMPX in the face of bearish chart patterns. The NYA continues today to consolidate its move down and out of its rising wedge yesterday. I suspect the market is going to give us a definitive move this afternoon. Folks on the wrong side of the fence will need to be nimble, while keeping an eye out for additional "head fakes"... Folks less nimble should be careful trying to gain advantage in a market so volatile! Using the SP & NAZ Emini for grounding, the SP Emini has paused its move down at the lower trend line of its rising wedge. The NAZ Emini while breaching the upper trend line of its triangle found resistance at the falling resistance line (green) on the charts I posted yesterday and has been trailing down that line since the gap up this AM. The market should let us know true direction soon and I suspect by a definitive move this afternoon. Have a great trading day... Regards, LG

To: James Strauss who wrote (48517)	4/28/2000 1:13:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

James and all, I would like to add my two cents. Those charts are available to all and therefore their usefulness is in question. Second former successful Hedge Fund goes bust - Soros Quantum .... that should tell something about the market. Both Tiger and Soros were great fundamental players in the stock market and macro economics. Soros fund stayed in business longer due to the embracement of the "New Era" last fall according to WS Journal Europe. I read the article on the plane about that and was wondering if that is a classic sign of a major top. Time will tell. Haim