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

To: SBerglowe who wrote (50830)	5/15/2000 8:37:00 PM
From: the Chief	Read Replies (1) \| Respond to of 99985

I've decided bobby beara that the MM's create hammers and chart patterns purposely to entice traders to buy the market. ~gg~ Happens all the time...its called painting the chart. MS's and MM's know TA too...it takes very little effort to paint a chart so that it appears as something it is not.......! Greenspan is Van Gogh in disguise! the Chief

To: SBerglowe who wrote (50830)	5/15/2000 8:46:00 PM
From: set	Read Replies (1) \| Respond to of 99985

> Unless I see dramatic differences in A-D line speaking of which; I have never seen A/D behave quite so erratically: users.uswest.net First it was down 1 day up 1 day. Then it was down 2 days and up 2 days, repeat. Now it's down 3 days and up 3 days, repeat, repeat? I don't know. It means nothing to me, but it's too strange.

To: SBerglowe who wrote (50830)	5/15/2000 8:51:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

>>>I've decided bobby beara that the MM's create hammers and chart patterns purposely to entice traders to buy the market. ~gg~<<< no, i don't think so, this is the assemblage of crowd behavior, from decision to indecision, and condition of supply and demand, that's why i like candlesticks, because the present a clear picture in the short term of supply and demand, despite all other characteristics of markets that many people adhere to, the bottom line is supply and demand, i think most pnf people will tell you this. there is no perfect indicator to tell you when supply is in control or demand. last weekend the front SI screen highlighted my bearish post, plus more important a bearish post by Gregory Mullineaux, who i would call a permabull, from my scant perusal of his posts over the last 9 months, and numerous painful responses to that, I guess that and the jerry going bearish at the ndx 200 day moving averaging has got enough people out of the market and has now created a position of demand on a rebound in the market, of course this is subjective, but the oversold trin supports this, and the failure of many leading tech stocks, like csco, sunw, txn, to take out major support. b