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

To: HudsonDog who wrote (52563)	5/30/2000 12:56:00 PM
From: Joseph Waligore	Read Replies (1) \| Respond to of 99985

The volume seems weak to sustain such a strong move upwards.

To: HudsonDog who wrote (52563)	5/30/2000 1:15:00 PM
From: Les H	Respond to of 99985

completed the IHS on the Nasdaq askresearch.com

To: HudsonDog who wrote (52563)	5/30/2000 1:57:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

stockcharts.com the naz daily trin reached near the capitulation levels of 4/14, i flamed a couple of bulls on the tulips thread and there was no comeback -g-, they are tired of speaking up, everytime they do the naz drops another 500 points -gg- cramer and security trader both posting very bearish comments lately, looks like we had enough capitulation for a decent rally, we'll have to see how the spx handles the downtrendline. b

To: HudsonDog who wrote (52563)	5/30/2000 5:21:00 PM
From: American Spirit	Read Replies (4) \| Respond to of 99985

This thread is always too bearish, even when the market is at the bottom. High or low. Almost always bearish. That's why I occasionally get in here and give the opposing view. Two days ago half of you were saying the Naz is going to 2500-2700. Now we just went up 250. No comments? For me, without any charts, the rebound was predictable just by keeping my ears open. The story was the economy slowing down so the fed rate hikes will stop. It has nothing to do with charts. Also Jack Kemp attacking Greenspan. Wish I had loaded up all the way to my margin limit last week but so many bears talked me into being cautious. Still made money today but not as much as I would have. Ended up selling most of my stocks at end of day today just so I can get a grip on my view of this market. Where is it going from here? Probably higher. But now the rally must broaden out to the 2nd tier stocks and less sexy issues. Also, that BS about QCOM was really confusing. Two contradictory stories about China from rEuters and Bloomberg. From 60-76 today. I was all set to buy at 60 but didn't because of the confusion. Sold my existing shares at 72 because of bear caution. Sorry to be griping but you chartists are influential. So shouldn't some of you major bears see both sides of the situation? Clearly we were oversold last week. But I had a hard time finding anyone who agreed with me. C'mon, we bulls need a little understanding too. gg