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

To: KymarFye who wrote (62434)	11/15/2000 6:57:38 PM
From: el paradisio	Respond to of 99985

This rally is loosing the steam...SOX is overbought and ready to go down... on another hand AMAT wants to base around 40... CSCO on the resistance at 53 7/8 and is acting pretty weak together with the networking sector. Banks are acting weak, but BKX might find the support at 813. TRAN has the resistance at 2840. GOLD...still bearish, but I think XAU may find the bottom at 42. Telecom may form the base here. Up volume on Nasdaq was pretty low.... I think,we need some basing here and the pullback is due... Regards, el