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


To: eichler who wrote (76438)5/3/2001 10:54:02 AM
From: t2  Read Replies (1) | Respond to of 99985
 
Eichler, Agree with your technical assessment.

The one thing that I would add is that a stock like Juniper has to be watched for direction. This is the one that got heavy shorting last month. It just hit a high for the day.

That is a tell to see if their are still a lot of shorts trapped in such names. Right now, it looks like they are.

However, I aknowledge that there is more risk to the bull side today.



To: eichler who wrote (76438)5/3/2001 1:29:55 PM
From: eichler  Read Replies (2) | Respond to of 99985
 
5e8s crossover signal still in effect on 60 min $compx chart.
Stochastics not yet oversold. ADX negative.
30 ema being challenged, if it breaks below, very bad news.
Don't like the look of individual charts I've checked, this
could turn out to be nasty.
Did find one play of interest to me. A defensive play on the long side, cheapie gold stock - KRY. Nice looking bull flag on the 60 minute chart. Main problem is lack of volume, therefor risky.
Do you own DD and best of luck.
Regards,
Eichler