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


To: t2 who wrote (76676)5/8/2001 9:22:17 PM
From: Boplicity  Respond to of 99985
 
it's the close that is important. a trend of selling in the AM then gaining in the PM is a trend that is bullish. Just like buying into a weekend shows how strong the holders are becoming.

B

thestandard.com



To: t2 who wrote (76676)5/8/2001 9:35:21 PM
From: ajtj99  Respond to of 99985
 
We're in a very narrow trading band until the 15th, IMO.

I thought we'd be trading between 2089 and 2240, but it seems more likely that it will be 2120 and 2220, with 2120 even on the low side.

The catalyst will be AG on the 15th, and anything less than 75BP will drop the market like a lead brick, IMO.

50BP will be sold, and 25BP will be sold but good. Options expiration on 3-days after AG would most likely keep the Naz above 2000, but after that it could be sayonara and hello 1868.

All IMHO, of course.