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

To: bobby beara who wrote (57728)	8/3/2000 3:18:51 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

bobby bears: everybody called it THE bottom back then Not everybody...<g> Regards, LG

To: bobby beara who wrote (57728)	8/3/2000 4:23:19 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

BB, I find today's NAZ action outright worrisome. The amount of market volatility of around 10% intraday swings, and the reasoning behind it (which is none) only proves that there is to much money floating around and we are getting closer to a unforeseen disaster. There was little reson to drop 5% at the open as it was little reason to move 5% up from yesterday close. Fact is that the whole issue of TECH demand arrived to a saturation point and there is inflation but that does not stop market speculation. The churning rate is very high and all mutual fund holders will be hit with a substantial tax liability by the end of the year. Trades are senseless and only to facilitate stock manipulation. The CSCO issue and the 56,000 puts being a clear example. BWDIK Haim

To: bobby beara who wrote (57728)	8/3/2000 7:56:08 PM
From: Les H	Read Replies (1) \| Respond to of 99985

DMI/ADX system for the Nasdaq looks as it did at the end of March during the first sharp dip. DMI moved into negative territory while ADX crossed over and moving toward the 25 strongly trended level.