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


To: eichler who wrote (77528)5/29/2001 11:56:54 AM
From: el paradisio  Read Replies (2) | Respond to of 99985
 
Well, if Nasdaq will close below 2180...rising wedge pattern will be broken.
I can see some strength coming back to biotech....BGEN,VRTX,HGSI...
and of course unbeaten, FRX (long since long time....strong fundamentals)
Another my long position, ULGX crashed today...
Regards,
el



To: eichler who wrote (77528)5/29/2001 1:18:47 PM
From: James Strauss  Read Replies (1) | Respond to of 99985
 
Eichler:

I agree with your assessment of 2150 support on the Nasdaq... That's the intersection of two short term trendlines... stockcharts.com[m,a]daclyymy[pc13!d20,2][vc60][iua12,26,9!lc20!lk14!lw25]

After that the 50 day MA in the 2125 area and the 2057 recent low offer the next areas of support...

Jim