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

To: StockOperator who wrote (55420)	6/27/2000 2:57:00 AM
From: Tunica Albuginea	Respond to of 99985

StockOperator, I tend to agree with you:"Money in July is to be made in technology". Now all we have to do is pick the time and the stocks............. -vbg- later TA Message #55420 from StockOperator at Jun 27, 2000 12:50 AM ET TA, I am glad to see you got a chuckle out of my post. Laughter is good medicine especially in this volatile market. I am sorry you found my post a little vague. Perhaps it was simply because my comments were directed at the overall patterns of the major indices. NAZ (tech) = good, while DOW stocks = not so good (based on Diamond formation) just not good enough, huh? You're right, Market Direction Analysis is much too complex to just get away with saying "I'm bullish on Tech and bearish on everything else." Ultimately I think it all comes down to making money based off of your analysis. For that I would agree you have to be as specific as possible, especially when sharing your ideas on a thread like this. Let me just say that because my work is grounded in TA, I can be as specific as you would like regarding where I believe the money is going to be made. I would also be willing to do so as long as you do likewise. You make the call. The month of July will offer some great opportunities to possibly double your money. But for now lets just say that based on the charts of stocks like SUNW, ORCL and the COMPX I believe the action will continue to be in the tech sector. Oh yes, I would think hard about going long the DOW based solely on that diamond formation. I guess it's the only way I know how to say it. Regards, SO

To: StockOperator who wrote (55420)	6/28/2000 1:19:00 PM
From: StockOperator	Read Replies (2) \| Respond to of 99985

Keep your eye on the DOW which is now running into a serious brick wall in this overall diamond pattern. There also appears to be a head and shoulder building on the 60 min bar chart. If the Dow does manage to rally hard after the Fed's decision I would pay close attention to the chart on a short term time frame or over the next few days. Because I believe a resolution for this pattern is close at hand there is always a possibility for a quick reversal in prices. The Naz on the other hand has built a pattern overall that is much healthier. Prices are pointing higher even if the market proves to dislike the Fed's decision (within reason). Good trading SO