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


To: Stephen who wrote (60298)10/10/2000 3:39:57 PM
From: HairBall  Respond to of 99985
 
Stephen: A lot of effort going into holding yesterday's low on the NAZ. My voodoo is a little mixed, however I am looking for buy ops to take advantage of the end of day ramp...which may already be in progress as I type...<g>

Looking for a bounce off yesterday's low for the COMPX and a bounce off the Sept low for the NYA...stop loss points will be in place of course...<gg>

Regards,
LG



To: Stephen who wrote (60298)10/10/2000 4:12:36 PM
From: Saulamanca  Respond to of 99985
 
Different perspective from a specialist and someone like Brian Finnerty who is holding a lot of tech stocks.

The weight of the market on YHOO`s shoulders it seems. That`s like having Shaq on the free throw line.<g>



To: Stephen who wrote (60298)10/10/2000 4:56:46 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
Almost hit the 50 percent retracement level

astroecon.com

Give back of more than 50 percent is bearish.

It now looks like the optical component spinoff from Lucent will be worth much less than people thought.



To: Stephen who wrote (60298)10/10/2000 4:57:36 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Almost hit the 50 percent retracement level

astroecon.com

Give back of more than 50 percent would turn me bearish.

It now looks like the optical component spinoff from Lucent will be worth much less than people thought.