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


To: t2 who wrote (77847)6/4/2001 12:04:55 AM
From: 10K a day  Read Replies (1) | Respond to of 99985
 
Alright Mr NudeVision...-g-



To: t2 who wrote (77847)6/4/2001 1:23:16 AM
From: bobby beara  Respond to of 99985
 
If it is going higher, the Nasdaq should be dragged along as well.>>>

transpose a chart of msft & nas since january 1st, but i will agree that the ndx holding the bottom of the box last week is a positive for the bulls, the bullish sentiment and overbought condition could be worked off in a sideways consolidation, rather than another downtrend like off the jan fed meeting, i had already discussed with zeev about the lack of the sentiment indicators getting to that level and the unwillingness of rydex traders to commit long money (exit MM) and get fully invested like at the rest of the trading tops during the decline.

my trading account is 100% cash right now, i don't see any real low risk entry points either way, and i have incorporated into my money management program, to take a trading vacation after a period of good results.

b