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

To: HairBall who wrote (65855)	1/4/2001 4:14:38 PM
From: KymarFye	Read Replies (2) \| Respond to of 99985

LG, was watching NTAP, too, also looked to me like a potential short opportunity (spike and a ledge), which made me uncomfortable, as I had bought in long on a different signal a couple hours earlier, then found myself staring at it most of the AM (West Coast), just sure it would crumble along with everything else. Some stray CNBC position-adverse quasi-FA kept running through my mind ("business OK...but new competition" blah blah blah - was sure, of course, that everyone else MUST be thinking the same thing, just waiting to bail out...). To my surprise, and delight, the alternative possibility, that someone was holding the dang thing up, seemed to be verified, as buy orders suddenly stacked up, and the thing spiked again in the good (for me) direction, helping to rescue at least in part what was shaping up to be a lousy day for me (total undisciplined greed-induced failure to take timely profits). Must now go walk the dogs, slap myself silly, have lunch... Later!

To: HairBall who wrote (65855)	1/4/2001 8:15:15 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

lg, this is kinda of interesting, most major bottoms we've seen lately like october 99 and 98, saw major buying breaking thru resistance, and usually gap, it is interesting that we are stalling here at the top of the nyse triangle and the spx downtrendline, maybe we need some more consolidation or a trip back to the bottom of the range. jan 2 was a 52 week low in rydex ratio and already the bullish funds and leveraged funds are approacing overbought, plus leveraged bull funds are making 52 week highs. both csco and ge did possible distribution candles into there topping patterns. b