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

To: donald sew who wrote (61398)	10/25/2000 2:20:46 PM
From: Casaubon	Respond to of 99985

Welcome back Kotter <ggg>

To: donald sew who wrote (61398)	10/25/2000 2:27:05 PM
From: KymarFye	Read Replies (1) \| Respond to of 99985

No problem. Candlesticks spoken here, at least by me. What thread did you mean to go to? As for prospective three black crows formations, I don't believe they apply here, as there hasn't been enough of an uptrend to top out. At most, the bearish momentum might, at this point, imply a retest of the bottoms defined by similar patterns (hammers, rickshaw man, et al) on Nasdaq, SOX, and S&P (both daily and weekly charts). Still think it's possible that today's action will amount to a pullback off recent upsurge, with new trading range still to be defined. Considering the forceful invitation to roll over and die, and including the frontal assault on opticals, the Nas is still holding up pretty well, even down 130 - 150. A close above 3300, or, even better, above 3314 (i.e., at or around 10/13 high, 10/19 low) should in this context be rather heartening for bulls, dismaying for bears.