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


To: Wayners who wrote (75168)4/17/2001 4:22:24 PM
From: Robert New  Read Replies (2) | Respond to of 99985
 
Well said and you called this a while back. We will need more time to see how it plays out however right now you look to be on the mark. I continue to accumulate on the dips...

INTC beat by .01...after warning earlier. Outlook going forward will be key. Zero visibility is expected. Anything better than that will be construed a positive...

RFMD just came out and said that they are seeing IMPROVED visibility going forward. Interesting...



To: Wayners who wrote (75168)4/17/2001 5:13:20 PM
From: Crimson Ghost  Respond to of 99985
 
Agree on QQQ.

The NDX McClellan Oscillator hit hugely overbought levels on Thursday. While this virtually guaranteed a pullback on Monday, the fact that the NDX could become so overbought may well signal a more sustained move as it did in the fall of 1998. We have a good shot at QQQ 47-48 before this move is over IMHO.

QQQ action today shows that an awful lot of bad news has been discounted.