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

To: bobby beara who wrote (66833)	1/14/2001 1:22:45 AM
From: Mike M	Read Replies (1) \| Respond to of 99985

it surprised even a lot of bullish traders, that the nasdaq took off again after the jan 2000 hesitation. True enough, but that Y2K market wasn't fighting the FED...yet. :o) AG was spiking the punch bowl at the time. Well, he's doing it again. but you must respect the trend, until it ends. Which is eventually reversed 100% of the time (i.e. the trend always reverses in the end <g>). And you must not fight the fed...Seldom a good move. Agree, not an easy call. Tuesday should struggle...on that we can agree.

To: bobby beara who wrote (66833)	1/14/2001 10:20:22 PM
From: John Madarasz	Read Replies (1) \| Respond to of 99985

you must respect the trend, until it ends Are you thinking like a criminal, or trying to outthink the criminal who is thinking about outthinking you? huh? Daddio, I think the gold bugs are correct, and that bottom sym triangle will break in the direction of the trend ... those re-trace targets will have to wait until the lows are re-tested. stockcharts.com[L,A]DACLYYMY[DE][PB50!B200!A50.88!A60.52!A68.31!F][VC60][IUB14!LA8,17,9!LH5,5!LI5,5] Re-test of XAU lows would be the norm, Norm. At least that's what my main frame shaggy stain says on Sec. Trader. Even goes so far as to mention a possible meas. of 25... It's Nasdaq make or break time... piteraperspectives.com and with this frightening list to follow, I know there are a lot of folks who will rest easy knowing that any and all warnings and disappointments will be bought<gg> etrade.com I think the Naz will break... down that is<g> Finally the U.S. Dollar, may it rest in peace<gg> I know Carl Swenlin says the long term trend is up, and I believe him, but the SHORT term says this big rising wedge starting from the May highs and the June lows could make it back to 105.5. Of course nobody cares about the long term, so everybody will think the dollar is tanking for good... stockcharts.com this could be bad bad bad for stocks short term<gg> worry...what worry? Slope of hope... not even. Man, the bulls are totally convinced all the bad news is priced in... at least that's what they want everyone to think. Right? <gg> Regards, John M.