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


To: eichler who wrote (76374)5/2/2001 3:03:37 PM
From: t2  Read Replies (1) | Respond to of 99985
 
eichler, I have not seen this type of market for a long time. There is just many buyers. This mornings pullback was just too significant as a show of market strength or upward momentum.

One would think that sooner or later, the big hedge funds that are still short the market may give it up and come back later--or better yet, cover and go long. The retail traders hopefully have put stops in for their sake.

Many see resistance at 2300. For the technicians it is strong resistance will say that the market has be come down from that point. That is the skepticism that will help to continue helping the the bullish case.

Still think the movement of the internet stocks has to continue upward to signal that investors are willing to take risks. Once the internets start dropping, it may be time to rethink the bullish case.
To me the internet sector is the biggest key although I don't like to invest in the group directly, prefer the midcap to large cap techs. Like I stated earlier, if investors are willing to buy dot.coms, they must be very bullish on real technology companies.



To: eichler who wrote (76374)5/2/2001 9:44:20 PM
From: Haim R. Branisteanu  Respond to of 99985
 
Analysis of end of Day Closing prices and recommendations in
the US Stock Market, or the Den of Thieves & Swindlers

This is the most effective list, but validate signals. Results
are relative to the SPX and move relative to the SPX - Haim
see more data & info including stock charts from this scan at:
home.nyc.rr.com
and also see Today Charts who are updated every several days

Today is 05/02/101 Remember this is a computer scan only

S&P Closed 1267.45
S&P Change 1.000
P/C Ratio VXN 68
Recomandation Price Stoch. RSI RSI RS
Change ROC%

SELL SIGNAL ON AAPL 26.590 85.151 64 2 -6
SELL SIGNAL ON BAC 56.110 77.399 58 -1 -5
SELL SIGNAL ON BMET 41.860 84.791 58 -7 -3
SELL SIGNAL ON FNM 79.110 76.424 51 -3 -16
SELL SIGNAL ON HD 48.790 89.695 64 -2 -112
SELL SIGNAL ON INGR 12.350 85.747 64 -2 -6
SELL SIGNAL ON KLAC 53.990 90.076 62 -3 -1
BUY SIGNAL ON MADGF 0.730 10.092 34 7 13
SELL SIGNAL ON IBM 115.400 90.598 62 -5 -22
SELL SIGNAL ON TNT 9.150 74.937 57 -6 -638
SELL SIGNAL ON TTH 55.010 84.976 58 -2 -256
SELL SIGNAL ON GSK 52.580 76.439 50 -4 -109
BUY SIGNAL ON EWK 11.450 24.444 47 1 56