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

To: eichler who wrote (76500)	5/4/2001 11:06:35 AM
From: t2	Read Replies (1) \| Respond to of 99985

I am still keeping my bullish positions but I don't like the way the high fliers are going up. That would be a sign of short covering to me. Juniper is making a run now. If by chance it becomes a massive short covering rally signified by big gains in Ciena and Juniper types, I would be taking some profits. Short covering rallies are not a bull's best friend for any sustainable gains. I sure hope that institutions are getting aggressive at buying and I am wrong about traders covering on a large scale. I will settle for a good mix of both the short covering and LOTS of real buying by funds as a bullish signal.

To: eichler who wrote (76500)	5/4/2001 11:23:57 AM
From: eichler	Read Replies (1) \| Respond to of 99985

that's all I can stanz an I can't stanz no mor..... This thing's just killin' me.... One of these daze, Alice....one of these daze... Gonna give up for now, far too frustrating. Damn thing froze up again......going to try again later on. Can't see what's going on, I know we gapped down, tried to fill the first gap below, then bounced up to fill this mornings gap above. Then...?????? Going to have faith in the rising wedge and that it broke to the downside.....that should be the writing on the wall. Saw the daily comp chart, looked like sto crossing down. All in all looked like more down action to come.... Best of luck everyone! Regards, Eichler