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

To: JRI who wrote (67010)	1/17/2001 1:09:10 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

JRI: Your signals...which went to "overbought" heavily on Friday....I'm surprised that they haven't posted the same thing today (yet)... Actually per my post, my intraday technicals lined up just about the same time the NAZ Comp tested its short-term RTC's resistance line, a good high percentage play to go short and I did. Yesterday, my short-term intraday technicals gave a by signal...I closed my short QQQ position and went long at a probable retrace pivot point. I did not anticipate a gap up today, but I'll take it...<g> My short-term intraday technicals are not in the overbought range, but have begun to roll over. The medium and longer-term indicators are staggered. Options expiry week, odds are we see the Max Pain area again, but not a given. As always, time will tell...<g> Regards, LG