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


To: jmootx who wrote (71521)3/8/2001 6:58:36 PM
From: KevinMark  Read Replies (1) | Respond to of 99985
 
Amen! Bush's tax cut sailed through the House, and now heading for the Senate. That will be the catalyst to get the Nasdaq moving higher. Most investor/traders are becoming more and more immune to the warnings for the short-term. I'm seeing a great deal of crossovers in the charts too. Won't be long until this party get's started from the long side.



To: jmootx who wrote (71521)3/8/2001 9:24:27 PM
From: Doug  Respond to of 99985
 
jmootx: The A-D was -729 today. The weekly line is looking up. The VIXN is 67.33+, TRIN+1.59 and McCllellan=-31.31.

However based on the chart pattern, we are likely to retest the low which is not unusual.



To: jmootx who wrote (71521)3/8/2001 9:42:28 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
decisionpoint.com

hedge funds who are still deeply overweighted shorting it are running out of profits >>>>

ok dood, pan down to that chart at the bottom and look at the rydex ratio of bull assets in tech, screaming 90% at the top in march, came down to a still screaming 70% at the end of january,

rydex is an exit poll.

i don't have the current chart, but i believe the ratio is probably down to 50-60% now, still a lot of supply out there, for a reality portfolio balancing act that should have tech at a 10-20%, as prior 97.



To: jmootx who wrote (71521)3/8/2001 11:43:16 PM
From: Dave Kiernan  Respond to of 99985
 
<<Bottom line there is stock to buy outside of technology and the news of warnings is way old with the Fed to cut rates in 12 days. >>

Lots of talk in media today from .75 to maybe only .25...Fed guys not too concerned now. Also did you see the debt numbers for January from yesterday...double what estimated.

Numbers in AM may be the rock block on cave; or, who knows, the Resurrection.