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

To: HairBall who wrote (60245)	10/10/2000 9:56:05 AM
From: KymarFye	Respond to of 99985

Hoping today for confirmation of yesterday's "hammer" on the Nasdaq--a sign that the recent extreme downtrend has been broken, in favor at least of a short-term rally. The reason I'm "hoping" instead of just observing is that I actually stuck my toe in with a long position in a little wireless stock down almost 50% the last few weeks, am well ahead as of this moment (fingers crossed, makes for slow typing). My gut feeling from watching the action on L II is that traders really do want to rally stocks like these: The action seems to pick up as soon as movement upward gets started. At this point, seems nice the way the market shook off the semis slam, too.