Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: eddie benson who wrote (49549)	5/6/2000 12:42:00 PM
From: James Strauss	Respond to of 99985

A lot of people fail to realize this is not the same market as was 2 months ago.We are in a bear market NOT a correction and most breakouts to the upside cannot be sustained. Eddie: Yes, this is a Bear market for Nasdaq stocks, but turnaround times have compressed with the aid of the internet and faster communications... So, breakouts to the upside, from trendlines, should not be ignored... Even in Bear markets there is money to be made in both directions from the trendline pivot points... With over 70% of earnings reported exceeding estimates, and a shortage of qualified workers in the technology area, and a strong Dollar, one of those upside trendline breakouts won't look back... Jim