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

To: Techplayer who wrote (50428)	5/11/2000 10:53:00 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 99985

Ignore This. quote.bloomberg.com The Organization of Petroleum Exporting Countries has indicated it won't boost output when it meets next month, after raising production in April. Without more oil, daily world consumption will exceed production by 220,000 barrels in the third quarter and 1.72 million in the fourth, the IEA said. The last favors have been called in! Time to open up SPR and seal our fate.

To: Techplayer who wrote (50428)	5/11/2000 11:24:00 PM
From: Techplayer	Respond to of 99985

Do any of the charting experts have an opinion on the following assessment? Thanks in advance. tp "At the lows of 3327 seen on Monday, April 17th, the Nasdaq composite came within 14 points of reaching a rising trend line dating back to the October 8th, 1998 lows of 1357. This trend line, which connects across the August 10, 1999 low (2442) and the October 18th, 1999 low (2632) has continued to rise, and as we go to press, is currently at 3334. The point we want to drive home is that while the Nasdaq composite lost 34% over the five-week period, it never closed below this rising trend line. It is our contention that until this trend line is convincingly violated, there is no clear proof that the tech-driven bull market has come to an end. "

To: Techplayer who wrote (50428)	5/11/2000 11:37:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

>>>the same pundits called for the popping of the internet bubble last spring as well...<<< hey techplayer, there were plenty of pundits who called the popping of the bubble in the 1920's dow, or nikkei 80's before the final top, don't think that because there were people that recognized a bubble a little early on, that it isn't a bubble. by your handle, i'll bet your a 20 or 30 something, what you guys don't understand, is that stock prices and businesses are two separate entities, especially in times like this. when everybody is a techplayer, and everybody LOVES tech, prices are pushed up into a position of massive supply (every body loves it and owns it) i don't know if they can top the everybody loves it theme with 90% in rydex tech at the march top -g- what we try to find on this thread, is when everybody loves it (or hates it) is relavent to the 60 minute, daily, weekly and yearly chart and try to identify micro and macro changes in trend and profit by identifying those trend changes in advance of the crowd. all the religious bear or bull bantering in between is just for entertainment -gg- b