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

To: marginmike who wrote (49885)	5/9/2000 12:12:00 AM
From: 10K a day	Respond to of 99985

I got sad today...When Cisco Weekly Chart Breaking Down....Will be interesting to see how Cisco Reacts in Next few weeks....

To: marginmike who wrote (49885)	5/9/2000 12:14:00 AM
From: el paradisio	Read Replies (2) \| Respond to of 99985

Marginmike, do you see any future leader on Nasdaq now,I don't. Without the leaders I do not see any long term rally. Only from oversold conditions. el

To: marginmike who wrote (49885)	5/9/2000 12:14:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

do you have any put/calls, trendlines, macd's, rsi's to back up that call or should we put you in the momentum monkey box with susan the wannabee index trader and coug the hippie dippie option trader, or cheeky the glass is always half full, or stuart, you can xerox your butt and sell it to the world at a profit dot com b

To: marginmike who wrote (49885)	5/9/2000 10:35:00 AM
From: Wayners	Respond to of 99985

I'm a short term trader because TA works best on short timeframes. You're right about the seasonality factors you stated and its foolish to disregard them. Money flows are not helping. You're suppossed to sell techs at the H&Q technology conference. There typically is a summer rally going into the summer earnings season. The money flows don't improve until early November. Assigning actual index points/levels is a guess. TA is mainly a way to set points at which to initiate quick reactions to reversals and trends. TA is only slightly predictive in that it takes time for people to get into and out of positions--so when reversals and trendlines get broken you can bet that the buying or selling direction will continue in that direction until those positions are accumulated or liquidated.