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

To: gc who wrote (72882)	3/20/2001 4:02:48 PM
From: bobby beara	Respond to of 99985

the spx has broken a H&S pattern that points to the october 98 lows, i thought that we could get a rally back to the breakdown point of 10300 dow and 1225 spx, but it's interesting we rallied back to psychological pivot dow 10,000 and nas 2000, i hope all the longs got out today!

To: gc who wrote (72882)	3/20/2001 4:05:52 PM
From: TRINDY	Read Replies (1) \| Respond to of 99985

What guru service was it that said that 9751 was such a crucial number on the DOW? Well, we got that today, and not just intraday. My one large fear has been that the overvalued status of the DOW and S&P's would be "found out" by Mr. Market. We will see just how crucial that 9751 number is. I cannot believe that AG failed to give the market what it was begging for. The .75 was justified this time, and it is in parallel with what he has been doing on the liquidity front. The failure of the markets today is ominous, IMHO. Cheers!