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

To: Haim R. Branisteanu who wrote (75495)4/19/2001 1:44:47 PM
From: Robert New  Respond to of 99985
 
Longterm downtrend line on the Comp being taken out today after some hesitation. Lets see if we can hold these levels towards the close. Like the volume as well....



To: Haim R. Branisteanu who wrote (75495)4/19/2001 1:56:10 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
Haim, yes it is speculation, the shorts that got as over-confident as the longs got at 5000, now the pendulum is swinging back to stasis, which is somewhere between 5000 and 1600, before the next leg down in the bear market or retest.

stockcharts.com[l,a]wallyymy[pb50!b200][vc60][iUb14!La12,26,9]

the nikkei has been having alternating bull and bear markets for the last decade, we could be starting the same thing.


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