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

To: Les H who wrote (55327)	6/26/2000 2:22:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 99985

Les in spite of an attempt to kick start a rally attempts are feeble. -10 of 30 Dow stocks are at their lows and not bouncing off. -T has a new low today. Not even a dead cat bounce. -Dow Transports are heading in the opposite direction of the Dow. They must know something we don't............. -No trust on Genomics: Celera mapped the Genome and they are dumping it head over heels.Down 17 points to 110. There is so little movement/beta on the Naz these days that you have to take anything. Sometimes you even have to give false info/data, as The Naz has been doing for the last 2 months. Yes they said they will fix it.Check is in the mail. -Naz is feeble.Up 17. -Usually with past Fed rate increases, by now we'd be celebrating already. The fire seems to be leaving this market despite the hoopla from the pundits. This AM Greg Troccoli Sr. Technical Analyst Prudential Securities said that the market has been in a topping formation since 1998. Recently it's been trading sideways in a tight trading range. He said that usually in this cases the Market tends to brake violently either on the upside or downside. I think we've already had our summer rally. Next brake will be down. He stated that if we get to 3500 and hold we may have another chance at a rebound up. If we don't hold 3500 then he said we will brake the old 3100 lows and go down to 2800, IMHO TA