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

To: Stephen who wrote (52195)	5/25/2000 10:35:00 PM
From: Secret_Agent_Man	Respond to of 99985

Long has been redefined and the units are nanoseconds. I capitulate HA, the only Long is a short one.The obvious is obvious, some are looking for a bottom calling a bottom etc...the reality is the bottom does not exist, it's an abyss with a shelf @ 2350 not 2900, what's @ 2900 is some crumbling stuff that will be mistaken for a toehold but, when they left it the last time the spikes were'nt nailed in tight alas, poor yorik(long-dipbuyer) he fell. now we can trade and be happy but again remember the nanosecond rule. could not watch the follies today as I was taking my #1 Son up to visit his new place of residence @ UMR, we as parents were fortunate in that he was given a full academic scholarship..."computer engineering" age 17. Now what can I do about the other three? This market ain't cooperating however, my stupid MF was up today...go figure, after getting pasted these past few weeks it managed a 1/4 gain. enuff. off the soapbox... Oh...umm who said markets generally rally into memorial day? There is absolutely nothing general about this market except, ashes, ashes all fall down<g>

To: Stephen who wrote (52195)	5/26/2000 7:04:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 99985

Stephen i am a realist...i'm not diving in here with both feet.. but lets be serious here for a minute.. AG has raised what 6 times???...one more MAY be in the cards.. at the very first sign of slowing..he'll be done..stand aside and wait to see the results for a bit... we have one more rate hike priced in here...he has accomplished the market selloff, and there is eviedence of slowing already.. maybe he'll do .25 next month, maybe nothing... the point is we are still in the grips of this uncertainty.. so sideways for sure...moving up and down with more volitility...it's simply a traders market... we have downside risk of 2900, and i have the upside at 3600 area on the NAZ..tight trading range...but tradable... the DOW is 9800 on the low side to 10,900 at the top for now...once we get past the next FED, we'll be rocking higher... just some thoughts.. OJ