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


To: bobby beara who wrote (73409)3/27/2001 9:43:34 PM
From: Benkea  Read Replies (1) | Respond to of 99985
 
"the last three days rally was a bear market rally imo."

Yep, and here are the respective targets:

DOW

securitytrader.com^INDU&ChartID=21868&ChartType=D

amazing what a hard on folks get when the "market" has three major up days that merely gain back the three major down days that proceeded them!

Dung100

securitytrader.com^NDX&ChartID=21869&ChartType=D



To: bobby beara who wrote (73409)3/28/2001 12:36:10 AM
From: Boplicity  Respond to of 99985
 
re: the last three days rally was a bear market rally imo.

You could be right, the structural problems are much larger to over come the inventory one. But I feel the process of reduction of players in certain sectors with mergers and outright failure is on the way. The fear factor is something altogether different and harder to gauge how long it will cast a pall over the market, and is largely based in corporate side of the equation as it is, as was confirmed in today's economic releases. I also believe we are in a little bit of grace period, and the news out of PALM and NT will be a good test for markets ability to look beyond what is happening now. I also, believe it will take something worse then what is happening now, to cause the market fail at this point, due to the wide spread dissemination of the negativity which seem to be largely priced in. So we will need a catalyst beyond what we are hearing now for resumption of the downtrend. One has to remember that Bottoms are never clean, and for the most part, understood way past when they happen.

Bebop