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

To: GREENLAW4-7 who wrote (71683)	3/10/2001 3:30:46 PM
From: westpacific	Respond to of 99985

No I agree, these need to be watched, all trading right on bottom of the regression line channel - EMLX and BRCD are. The MACD crossover occured and failed on EMLX. The risk reward here is high. In addition the 50 day moving average is about 65. I do not argue that - the only concern is this is the biggest bear market in history. The question remains if they hold channel support. What I see is many ready to break below this regression line support and it could happen. This is the bet. But I am with you all the way - I see screaming buy written all over some of these from a technical standpoint. It remains to be seen, but if they hold the regression line and the MACD crossover - load up. West

To: GREENLAW4-7 who wrote (71683)	3/10/2001 3:58:28 PM
From: StockJock-e	Respond to of 99985

Its a question of who will throw the first stone, or in this case, who will throw the first sideline money, that Maria has been telling us about :P, at BRCD, JNPR and friends.

To: GREENLAW4-7 who wrote (71683)	3/10/2001 5:06:41 PM
From: iod_sherwood	Read Replies (1) \| Respond to of 99985

I think the goal of the market is to make it even harder to trade... look at the inability for JDSU to muster a bounce. I would contend to you that EMLX QLGC BRCD MCDT will not grow as fast as the PEG's would indicate right now, even if the IT spending issue picks up later in the year. The goal of this market is to drip off all the excess in tech and make them trade CPQ or DELL say... been preaching this all along... swing traders market, throw in the whiplash and rumours and it will headfake you like made if you have no conviction. in the cards... a COMPX range of 1700 to 2200 for the remainder of the year... cheers