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


To: eichler who wrote (62728)11/17/2000 2:06:40 PM
From: eichler  Read Replies (1) | Respond to of 99985
 
Partly from the rally building on the 15 minute chart, and
partly on stewing over the realization that 3 for 3 of the
last volume spikes on $compx 10/18, 10/26, 11/13 resulted
in short term bottoms (today is another such day) - I am
cautiously long here (with stops). On the daily chart, a good
close would be viewed as a successful retest of 11/13 low,
setting up a good rally Monday. Watching carefully.......



To: eichler who wrote (62728)11/17/2000 2:17:08 PM
From: el paradisio  Read Replies (2) | Respond to of 99985
 
Yep,but as G.Cole said...we may get a bear market rally and they used to be a very powerful...
Well...don't like shorts for the weekend <g>
Now Nasdaq is very oversold and even in the downtrending market, a bargain hunters may come... shorts will try to cover the position and that's how rally begins...
Regards,
el