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

To: HairBall who wrote (66292)	1/8/2001 9:29:49 PM
From: bobby beara	Read Replies (4) \| Respond to of 99985

geocities.com lg, the nasdaq is almost a mirror image of about late may, except a whole lot more volitile -g- same momentum and internal bullish divergences, same big volume shaft off the low, same bearish sentiment and hand wringing on the pullback to the left shoulder. the sell-off on the first day of the year looks likes the necessary capitulation (naz) when you look at the rydex # and the naz trin #, plus the mutual fund outflows, for a countertrend rally of similar magnitude, but i will be looking at how the rally looks into horizontal and downtrendline resistance, and if they start buying heavy into rydex leveraged funds again at resistance -g- oh ya, and i called 900moondude, they said the full moon was good for a reversal mon -g- (pp jamaican accent too, must be the same people -g-) b