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

To: Stephen M. DeMoss who wrote (64118)	12/11/2000 11:12:35 AM
From: lifeisgood	Respond to of 99985

IMO if we break 3000 on the NAZ on a closing basis, a confluence of factors will likely contribute to a 20% rise from there (e.g., short covering, fund managers putting that money they've been hording to work, IRA contributions, etc.) best... LIG

To: Stephen M. DeMoss who wrote (64118)	12/11/2000 11:30:49 AM
From: Les H	Respond to of 99985

I'll likely get a sell signal by tomorrow at latest if things hold up. As long as the Nasdaq holds above 2750, the new uptrend will stay intact as the both the uptrendline and the reaction high for the double bottom are at 2750.

To: Stephen M. DeMoss who wrote (64118)	12/11/2000 11:51:36 AM
From: Softechie	Respond to of 99985

Why would a papa bear showing his hands? Is he looking for more to short?

To: Stephen M. DeMoss who wrote (64118)	12/11/2000 3:37:30 PM
From: KymarFye	Read Replies (1) \| Respond to of 99985

Agree it's notable when Barton Biggs gets bullish on the Nasdaq. Any specific sectors? (Let me guess: Boxmakers and other beaten down blue chips). As for Nasdaq strength otherwise, I still think there's a lot of making up to be done just to get to levels that, until recently, many of us considered sub-ridiculous. Without new, unexpected negatives arising, and even alongside further earnings warnings, declining interest rate environment and return to political stability (if we get them) should be enough to justify at least a return to pre-11/7 levels, maybe more. It's also interesting to see continuation of today's follow-through rally, however small, following the conclusion of the Supreme Court session, and even in the face of greater ambiguity about possible outcomes than there seemed going in. Still, didn't place a trade today, even turned off my real-time datafeed, partly because network congestion (I'm guessing related to massive logging on) seemed to be resulting in undependable connection and data, but mainly because I'm not willing to let what ought to be a good trade get suddenly reversed by decisions that have so little to do intrinsically with the market. Happens often enough in a "normal" times... Why sound off in class when when the black-robed instructors are already waving their big paddles right in your face? If, as a result, I miss more of what turns out to be a major upswing, without the significant pullbacks you'd normally expect, I'll rationalize it in terms of being out on the original downturn, and be happy to take whatever opportunities remain.