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

To: NucTrader who wrote (48605)	4/29/2000 12:39:00 AM
From: John T.	Read Replies (1) \| Respond to of 99985

A "white marubozu" candlestick. <gg> I never heard that one before. But what do I know. P.S. -- Thanks to all the people who responded with helpful comments to my earlier message.

To: NucTrader who wrote (48605)	4/29/2000 5:14:00 AM
From: Les H	Read Replies (2) \| Respond to of 99985

I think you have to open at the low and close at the high with a long white body for Marubozu. iqchart.com

To: NucTrader who wrote (48605)	4/29/2000 7:45:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Nuc, the interesting thing about trend lines is that you can draw them between various points at your choosing to make a statement. If it was so easy as this guy Luskin pretends then why is he writing on BB and is not busy making zillions with his "in depth analysis" of price movements of stocks. BWDIK Haim

To: NucTrader who wrote (48605)	4/29/2000 7:54:00 AM
From: Square_Dealings	Respond to of 99985

>>Anybody have any thoughts???<< <<Well, here's a guy who says (a)there isn't any inflation, (b)the NAZ formed a bullish white marubozu today and (c) buy RMBS! How's that for throwing fuel on the embers?>> I have observed the daily trading activity at Metamarkets and their OpenFund over the last 4 or 5 months. The fund appears to be a day trading fund since they seem to turn over about half to a third the funds value every day. To read the fund manager (Don Luskin) make commentary on the economy and inflation is laughable. The fund chases momo stocks on a daily basis and I doubt they have ever stopped to make a real calculation of valuation by any means for the stocks they buy, because they usually don't have them two days later. The fund did well when momentum was strong and they had around 18Mln to trade. Then they got a write up in Barron's and people poured another 25 Mln or so in right at the top. I see the guys commentary more as a new economy momentum trading mantra pep talk. Mike