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

To: HairBall who wrote (51162)5/18/2000 1:42:00 PM
From: Wayners  Respond to of 99985
 
Yea, I do expect 3400 to hold. The volatility is dampening out on the naz comp. I think it will be difficult to break 3400 right away.



To: HairBall who wrote (51162)5/18/2000 1:58:00 PM
From: double-plus-good  Read Replies (2) | Respond to of 99985
 
LG,

do you have any technical analysis based insights into the finacials and brokers such as JPM, C, AXP, and MER. I am crediting their recent strength to option related games. Frankly i am nonplussed at seeing the big banks and brokers within spittin distance of their 52 week and all time highs.

Fundamentally I am tempted to short with abandon. Do you have some technical indicators which would suggest I didn't?

TIA,

++


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