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

To: HairBall who wrote (68092)	1/31/2001 9:51:21 AM
From: Temple Williams	Respond to of 99985

Hi LG: I am seeing increasing evidence that the bear market which began in March last year, at the highs, will end in May of this year. There is more pain to come. And the final act before the bear dies will be painful. But the Fed flood will eventually raise all boats yet again ... and disaster will be averted but not avoided. I see a major bottom, yet to come, in the 1200.00 Cash SPX area ... but in the immediate future, we get a shot well above 1400.00. Then some real pain, which finally lets the commercials settle their (short) accounts. Of course, some of the commercials will take a beating. There are losers in that exclusive club, just as there are in every club. But in the immediate future, I still see a move higher, above 1400. Should be a good region to sell. The collapse, if I read it right, will be swift and vicious. Overall, the next month will be a good trading season if one gets it right. My "free" site was updated over the weekend. sellnow.net Best regards, Temple

To: HairBall who wrote (68092)	1/31/2001 6:28:44 PM
From: Kemo Sabe	Respond to of 99985

LG: QQQ made it over the primary descending trend line on its 2nd attempt 1/18/01. The next descending trend line (based off highs 9/20/00 & 1/24/01) has repelled this rally. As best I can tell the QQQ should test the previous descending trend line for support. There is also horizontal support in that area (~60). That's where the next thrust should be based from & it should take out this trend line, since we will be ever closer to another 1/2 point cut. Heck, I'm going to call my mortgage co & start getting the paperwork ready for a new 6% refinance...should be available in about 60 days. Kemo Sabe