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

To: el paradisio who wrote (54387)	6/16/2000 10:23:00 AM
From: UnBelievable	Read Replies (2) \| Respond to of 99985

RMBS Up 30% RMBS is the most cost effective way to move $SOX $SOX up 1.3% while $COMPQ down .6% $INDU down .7% $SPX down .7% $NDX down .4% Nothing up my sleeve.

To: el paradisio who wrote (54387)	6/16/2000 11:07:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

el paradisio: I agree many of the daily and intraday charts on the major indices are sporting bullish formations. Heck, I have them indicated on my Wow charts and my QCharts. However, my technical indicators for my Wow charts are conflicting with my QChart intraday technical indicators. This divergence makes getting a handle on the next move difficult. With the extended consolidation patterns, the resulting move should be dramatic. For now I am leaning toward a continuation of the decline. Time will tell, as always...<g> For those less nimble, it would be wise to wait for the break and then tag along. Of course, you leave some chips on the table, but that is the price (insurance) of being conservative. Note: If these bullish patterns break to the norm, the downtrend will likely be confirmed broken as the resulting bullish sentiment surge will conceivably produce at least a re-test of the previous highs if not new highs depending on the index. However, as almost always the indexes have provided us with formations and SRLs to keep an eye on. The breaks (not just penetrations) above or below will be key... Good trading...gotta run...<g> Regards, LG