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

To: HairBall who wrote (66999)	1/17/2001 10:25:39 AM
From: Stephen	Read Replies (3) \| Respond to of 99985

LG, translation please ... I'm a bit slow today ...GG Regards Stephen

To: HairBall who wrote (66999)	1/17/2001 10:35:03 AM
From: Crimson Ghost	Respond to of 99985

NAZ unquestionably overbought and could pull pull back anytime. But I still see QQQ 72-75 medium-term and am holding for that target. I have never been good at trading the ripples. But would not think of buying more unless we get a sharp pullback.

To: HairBall who wrote (66999)	1/17/2001 11:18:44 AM
From: James Strauss	Read Replies (2) \| Respond to of 99985

New Lows On Nasdaq Say The Selling Is Over... ********************************************************* LG: We seem to be on track to steadily rising prices with less downside volatility on the Nasdaq... finance.yahoo.com These minimal New Lows when contrasted with the New Highs say the Bulls are on offense... The Point & Figure chart shows a Bearish Resistance Line in the 2900 area... That's about 5.5% above current levels... stockcharts.com The short term trendline is at 2750... We could see a little resistance in the 2750 to 2900 area... A break of the 2900 area sets up a triple top test in the 3000 area... Jim