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

To: Stephen M. DeMoss who wrote (68882)	2/11/2001 12:55:38 PM
From: NucTrader	Respond to of 99985

>> In other words, are you done buying? << And about OPWV I'm done buying until my signals tell me to buy. They're approaching a buy signal but haven't fired yet. They gave me a clear sell for the NAZ on 26 Jan'01, but I didn't have to sell anything as I was totally on the DOW at that time. I actually bought a number of tech issues last Wed.after a significant tech downturn, but clearly not at the bottom (and in fact at this point in time I don't know where the bottom is, just that from my signals it appears close). Why did I do it, when my signals hadn't given me the go? I believe my cousin, who is a daytrader, was correct: it was the full moon......this same cousin also disagrees with my posted hypothesis - he thinks the biggest rebounds will be in the most severely depressed issues - issues like I listed in tier 4 - BRCM, BRCD, JNPR etc. and if fact he just took a big position in BRCD (this info he sends me in a post just after this one: >>I have SPX at fib nodes on 60 and daily charts with NDX already breaking thru support. Pretty much do or die time for NDX here.>>, so naturally I can't resist asking him what made him take the big position in BRCD in addition to a bullish options position in JNPR - the full moon?!? LOL). Bottom line re: buys. Don't have that signal yet and this market could actually head a lot lower before it turns. Re: OPWV: it's the company resulting from the merger of PHCM and Software.com in Nov. 2000. Chart on it is not a clear buy, just looks like it's consolidating for another push up to me. As always in my posts: "FWIW" Good Luck next week!