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

To: yu who wrote (51997)	5/24/2000 6:06:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

yu: "The selling in the last few days seems to be so "ordered", does not seem there is the panic capitulation selling." That was on 4/18 when all the daytraders novices were involuntarily sold out. A retest of the bottom with a modest piercing of the first one on lower volume is what it is supposed to look like, IMO. We'll see. I'm not saying I'm sure it's over, but it's close, if today wasn't it, IMO. Even the time in between the Vs has been about right. Caveat: This all assume the economic news out over the last couple of days is so bad it can't be twisted to be viewed positively. PS. That's a mighty big market we opened today. (Too bad it's only one way - hehe).