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


To: HairBall who wrote (65021)12/22/2000 10:33:07 AM
From: JRI  Read Replies (1) | Respond to of 99985
 
LG- for this rally to be any significance, and break the down bear pattern....we would need to have a "3 up day" Nasdaq string? No? Otherwise, this is another doomed rally....

Where do you think the next major pt. to enter this rally is (I'm out right now...I sold at open)...at the gap filled Nasdaq composite of 2511? When does this become real?

Also, do you expect any pullback intra-day and to where?



To: HairBall who wrote (65021)12/22/2000 10:44:41 AM
From: KymarFye  Read Replies (1) | Respond to of 99985
 
Seems to be a fairly orderly expedition into gap-land, wouldn't mind a burst or two of irrational pre-Holiday exuberance... have visions of sugar plums dancing in my head: At risk of jinxing my long trades... one burst of pre-Holiday exuberance shooting us up to 2500... and then some round-number-frenzy-gap-filling-happy-days-are-here-again-even-Hays-is-suddenly-bullish enthusiasm rolling up the post-FOMC drop-off...