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

To: Mike M who wrote (75956)	4/25/2001 5:11:55 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 99985

Mike, don't be so sure, that tape was painted today, its real colors will become clearer by Friday and next Monday, I venture to say, these colors are not going to be "pretty". It seems that BB has left the bear camp for the time being, so I am doing a poor second "stand in" for him (g). Zeev

To: Mike M who wrote (75956)	4/25/2001 5:25:24 PM
From: Temple Williams	Read Replies (1) \| Respond to of 99985

Mike ... could be. The move down after the RTH close of Cash, and the continued push lower when Globex opened ... that could mean you're right on a jump higher tomorrow. Since the rate cut, the market has drifted sideways in a reasonable volatile channel. Bulls and bears arm wrestling one another. I have a trend thing I watch, and it moved from a bearish opening today to a bullish close. That's fairly unusual, and often strongly hints at a CIT (change in trend) with some staying power. It is not wildly bullish ... but it made a strong move across the boards. I am starting to take a closer look at the Alternate series I posted here this weekend. It may actually become my filter for trading tomorrow (meaning I use it to "approve" or "disapprove" of trading actions initiated by other signals). The bulls did make a nice move today. Unfortunately, the bears made a nice move yesterday. So far ... it's a wash. And about as much fun as flying a kite with metal leader cable on Lake Okeechobee (the lightning capital of the world). Tread lightly, and with haste :o)