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

To: bobby beara who wrote (56089)	7/5/2000 8:48:54 PM
From: Haim R. Branisteanu	Respond to of 99985

BB, KEI made a evening shooting star today but again those stocks are dangerous in each direction. Haim

To: bobby beara who wrote (56089)	7/5/2000 8:50:00 PM
From: Curly Q	Read Replies (1) \| Respond to of 99985

hi fliers you mentioned took it on the chin. especially disconcerting to longs must be kei which is the one you specified besides pwer. kei took out its 52 week high by $7 and ended up selling off hard in 5 times normal volume closing down 8 3/4. Other victims that I've been watching included sdli, tlgd, newp and anen. A couple of blatant exceptions to todays action include ccmp and dram. qqq's look to be heading for a lower band short term unless orcl stages a blistering comeback.

To: bobby beara who wrote (56089)	7/5/2000 8:52:01 PM
From: HairBall	Respond to of 99985

bobby beara: I took a look at NT, GLW, KEI and PWER. They all look like short ops, some more than others. I have been having problems posting on SI all day...very frustrating. I have charted all four issues. My read is a little different, but I am seeing what your seeing, I think! <g> Later tonight, I will upload the charts and post the links to you with my take...if SI will allow me to post...<ng> Very good observations as always... Regards, LG

To: bobby beara who wrote (56089)	7/6/2000 7:25:48 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

bobby beara: Ok, I finally was able to post again You have already drawn you on conclusions, the follow charts display my take on support/resistance areas. My QChart GLW (Corning Inc.) 60-Minute Semi-log Chart marketdirectionanalysis.homestead.com My QChart KEI (Keithley Instruments) 60-Minute Semi-log Chart marketdirectionanalysis.homestead.com My QChart NT (Nortel Networks) 60-Minute Semi-log Chart marketdirectionanalysis.homestead.com My QChart PWER (Power-One Inc.) 60-Minute Semi-log Chart marketdirectionanalysis.homestead.com ------------------------------------------------- My QChart Trend Lines My charts are screen captured at (1024 x 768) and are best viewed at that resolution. Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines (SRLs) are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. Light blue lines are previous formations, but on occasion are used to depict longer-term formations as well. Note: Some of the trend lines that appear on my charts may have been establish by one or more price action points not shown in the current view or snapshot. ------------------------------------------------- Regards, LG