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

To: bobby beara who wrote (58970)	9/14/2000 4:13:27 PM
From: Saulamanca	Respond to of 99985

LOL...That Drag-u-la must be a real gaz guzzler. ----------------------------------------------- Ralph Block with a discouraging word: Ralph Bloch of Raymond James- MSFT, CSCO The NASDAQ and DOW are moving hand-in-hand lately and he does not feel that is good at all. The upside potential for both is very limited from here. It will be difficult to overcome the double top on the NASDAQ with the roll over in many high quality big name tech companies. MSFT looks dicey at this point and CSCO has gone below $60. Many big names are not showing good signs. It is possible that we could remain in this trading range or possibly go down further. There are no support levels to look at as any kind of help here. Near-term, if the NASDAQ hit below 3700 he would sell as he sees a double top hitting the transports. He would have to see positives on both the NASDAQ and DOW sustained over a few days to even consider buying. netcognizance.com