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

To: the Chief who wrote (50126)	5/10/2000 1:13:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

the Chief: Quite a first post to MDD...<g> You did not mention how you came up with 3360. The only thing close I can come up with is the Fib retrace 83.3% (3353.18) Which is near the pivot point low on 4/24 at (3345.25) What is your basis for 3360? Regards, LG

To: the Chief who wrote (50126)	5/10/2000 1:17:00 PM
From: Death Sphincter	Respond to of 99985

a scenario that has merit and is worth shooting a few bullets at DS

To: the Chief who wrote (50126)	5/10/2000 1:47:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 99985

the Chief: I have a little problem with your fund/brokerage theory. I think they are not mutually exclusive. As a matter of fact, most of funds are brokerages themselves, are they not? And as much as I hate to say this, I think a lot of analysts give recommendations based on their own fund/brokerage position. Even if this is unethical, it is not illegal.

To: the Chief who wrote (50126)	5/10/2000 1:52:00 PM
From: KymarFye	Read Replies (1) \| Respond to of 99985

Don't think it's a panic slide/reversal day until it reverses. So far (as of 1:45 EST), this is just a HEAVY DISTRIBUTION day. 3345 (4-24 minor low) looks like the next target down. Downdrafts have, to this point, have been for the most part on low volume, but on rising volume compared to a rally so limp it should have had a walker. Very beary. Classical technical analysis does not require that downturns show rising volume ("stocks can fall of their own weight"), though it's considered a confirmation. 3400 seemed to be a resting place for no better technical reason than that it's a round number. Technician's won't really be "happy" with the possible "w"-bottom unless the second "v" at least re-tests the prior low (3227), "preferably" exceeds it. Most bullish in some respects would be an (eventual) intraday slide (perhaps even to 2900 if it turns out that 3227 was not THE bottom, but rather, as seemed so likely a couple of weeks ago, just a ledge), followed by a massive reversal back up to support levels. Such a move, if confirmed, would perhaps signal that the Nasdaq Bear Market was more likely to last additional weeks rather than months or years. Not predicting the future, just calling 'em as I see 'em, and always willing to be enlightened.

To: the Chief who wrote (50126)	5/10/2000 2:07:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 99985

where do you get your mutual fund data? last time i looked, the fund industry's overall cash-to-assets ratio was at 3,8% , an all time low. that was a week ago. are you saying they have been raising all that money over the last week? how did they do that, with volume so feeble? this is btw. not to say we can't get a bounce here of tradable magnitude. that seems quite likely actually. but don't put your faith in mutual fund cash reserves that don't exist. regards, hb

To: the Chief who wrote (50126)	5/10/2000 3:04:00 PM
From: marginmike	Read Replies (2) \| Respond to of 99985

There is in excess of 1 trillion dollars sitting on the sidelines??????? Show me the money. Funds are at an all time low in CASH. All the big guys are 97% invested, now the redemptions, lockups etc theres nO CASH! As for a bounce here is lickely I think we test 3000. By the way I was saying that in march before this started, so I am pretty close no point in backing out now!