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

To: Galirayo who wrote (61264)	10/22/2000 10:31:25 PM
From: John Madarasz	Respond to of 99985

Hi Ray, What Happened .. ?? I thought it was a Bear Chart. It was a bear chart<gg> and it still is, lower lows and all that. Still a bear rally in my opinion until it breaks some real resistance at the 50 DMA... and there have been four very identifiable days of distribution this month warranting a defensive posture. I want mr. market to show me last thurs/fri wasn't just an options ramp job Doesn't mean it can't be traded though<g>. good stocks with solid bases. Some might even pullback and fill the gaps that many a small truck could drive right through<gg> I know... breakaway gaps don't always get filled... I'm gonna ask Madonna who polishes her shoes. Regards, John