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

To: Les H who wrote (49484)	5/5/2000 5:49:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Gold investorlinks.com

To: Les H who wrote (49484)	5/5/2000 8:01:00 PM
From: el paradisio	Respond to of 99985

Les, <the idiots pumps more money in>,I agree with your statement.Today we have almost a mirror image of the rally Last Fri,Apr 28. That Fri,we did close on nasdaq at 3855 and on Mon,May 01,we did open with the gap at 3900,we did rally to 3990 and the next day the "rally" was over.... I expect a similar setup for the next week.The difference is that this time,we are 39 points lower,at 3816. We will open with the gap on Mon, we will rally to 3875 or 3905 and after we will "slide" again.... Coming back to your statement,the idiots pumps... and smart investors are bailing out... This rally today did not convince me,low Vol,PREM,dollar and to high tick in the end. CSCO release on Tue,will be important. el