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

To: American Spirit who wrote (76311)	5/1/2001 3:25:07 PM
From: eichler	Read Replies (1) \| Respond to of 99985

15 minute charts showing potential breakdown, sto and adx turning. Failure to break sym triangle so far. Very alarming on the Dow and SnP is rising wedge feature of 60 min chart. When ($64,000 question) they break (down), I don't see how the Naz can do anything but follow. Something to watch carefully and not let your guard down. Protect your profits. The jury is still out.

To: American Spirit who wrote (76311)	5/1/2001 3:28:50 PM
From: t2	Read Replies (1) \| Respond to of 99985

A.S., Interesting story about the beaten up internet stocks and internet "incubators" on CNBC. Rallying big today! Given how the internets are moving up, it is no suprise that the Nasdaq blue chips and midcaps will have decent gains. If investors/traders are willing to buy those names (probably also heavy short covering as well), it makes sense the same would extend to the rest of the Nasdaq. Buying of the most speculative sector of the Nasdaq (dot.com) is an extremely bullish indicator to me.