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


To: el paradisio who wrote (56393)7/11/2000 1:58:01 PM
From: James Strauss  Respond to of 99985
 
el:

There appears to be an intraday breakdown of the Reverse Head and Shoulders pattern for the NDX...
bigcharts.com

There is support in the 3720 area... This may be reflective of the YHOO and JDSU slides... Overall, the FED is done, and the selling in these issues appears to be overdone...
chart.bigcharts.com

The Stochastics and Williams %R readings are in oversold territory... The reaction to the YHOO earnings release tonight will be indicative of what to expect in the days to come...

Jim