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

To: Stcgg who wrote (57444)	7/31/2000 2:59:39 AM
From: The Ox	Read Replies (1) \| Respond to of 99985

I don't buy into your crash scenario, at least not this week. Where's the catalyst for such a market reaction? Dollar index is relatively solid around 109. Bond market also has been pretty stable lately. Almost everyone I've talked with over the past few months have expected the market to sell off after these latest earnings reports. The market is coming to grips with 6 straight interest rate hikes and it's finding the path of least resistance right now. I expect the market to continue it's choppy slide down but I fail to see anything that would be the catalyst for a crash? I didn't read every post on this thread from the weekend so maybe I missed the post where you detailed your crash hypothesis? I think you are over doing it just a little. Just my opinion, Michael

To: Stcgg who wrote (57444)	7/31/2000 3:25:00 AM
From: el paradisio	Read Replies (1) \| Respond to of 99985

<font color=green> market is going up tomorrow

To: Stcgg who wrote (57444)	7/31/2000 7:51:07 AM
From: Techplayer	Respond to of 99985

Stcgg, Since everyone is throwing straw into the wind, I will predict that this Nasdaq swoon is playing out according to script and that within 30 days, positive comments will return to the tech sector since the big guys will have taken their positions. The Nasdaq will then resume an upward trend, again wiping out all thought of a crash. This is why I went short the high fliers and will cover when/if the Nasdaq reaches the 3500 area, though that might be 250 points early... I am basing this on the charts over the past 2 years. This is an election year. Painting the tape should not be that far fetched. tp