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

To: eichler who wrote (77216)	5/19/2001 1:04:11 PM
From: Robert New	Read Replies (2) \| Respond to of 99985

Eichler....good to hear that. There are many bullish setup's to play here on the long side. Many nice bases in place and just have to watch for the volume to go long. Played MRVC and PWER yesterday as both started making moves out of bases on confirming volume. Semi's are setting up nicely and think there will be some $$$ to be made there in the days ahead. Do think we could use a pause here but as long as it continues to be on light volume I remain constructive. We've been seeing institutions step up in the last hour over the past 2 months and as long as this trend continues thats bullish. Even in the strongest of down days on the Comp you rarely see us go out at the lows...always some buying in that last hour. If this changes so will my outlook. For now focus on those charts and move forward...