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

To: HairBall who wrote (64760)	12/20/2000 11:13:35 AM
From: marcher	Respond to of 99985

LG, again i want to thank you for posting the 1990 channel. that picture's worth more than a thousand words! best --Marc

To: HairBall who wrote (64760)	12/20/2000 11:40:08 AM
From: Boplicity	Respond to of 99985

Yes that 2200 area is looming large, which would wipe out all of 99 which also would be around the lower channel line of the primary NAZ trend which your chart points out nicely. Plus the stoch 5 3 3 is way over sold. So all the indicators are aligning themselves and I'm sure many others are seeing it too. But when you get right down to it, something more then just price will be need to provide the reason behind the move for it to be anything more then another bounce from an oversold condition. So, I do not see a run like we had in the Nov when the nearly the same over sold condition came into play since the Cat is largely out of the bag. I see one large factor on the horizon that can change investor psychology, FED lowering anticipation. But the next FED meeting is 6 long weeks away, plenty of time for more warnings on a Macro scale and company specific. Greg