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

To: el paradisio who wrote (64220)12/14/2000 9:51:44 AM
From: eichler  Respond to of 99985
 
El,
Yes, agreed. Intraday charts are oversold and a bounce soon
would be very helpful counteracting further decline. On the
negative side, Daily indicators are not nearly oversold as
the last bounce was able to "reload" the charts, so to speak,
setting up possible further decline. Really, as far as I know, could go either way. Still, I'm betting down. That seems to be the best way to make money lately. But eventually (when???), the opposite will be true!
Good luck.
Regards,
Eichler



To: el paradisio who wrote (64220)12/14/2000 9:59:46 AM
From: eichler  Read Replies (2) | Respond to of 99985
 
El,

I was just perusing the daily index charts again. I think
there is good reason for great concern here. While the $compx
looks to be near a likely area for a bounce, the $dji appears
to be just starting its decline. I would fear the dow decline
pulling the other indexes down further. Once a snowball starts rolling, well you know what happens....
Regards,
Eichler


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