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


To: bobby beara who wrote (77935)6/4/2001 5:37:39 PM
From: Mike M  Respond to of 99985
 
Yes, bobby and the VIX is breaking to new lows....Should be a turnaround dead ahead...



To: bobby beara who wrote (77935)6/4/2001 5:38:34 PM
From: t2  Read Replies (1) | Respond to of 99985
 
bb, What is your TA (opinion) on the networking index.
I am basically calling it a bottom (at least short/intermediate term) on the group but would be curious to know what your data indicates.
Taking today's move as a bullish signal----a change in sentiment call.(as i indicated in my last post)



To: bobby beara who wrote (77935)6/4/2001 5:50:45 PM
From: Zeev Hed  Respond to of 99985
 
No fear...No volume...no breakouts, but AMD broke down, and INTC is ready to follow. The main decline will not come, IMTO until after expiry next week, alll we will achieve on the down side by then, I believe is only a mild breach of 2052 on the naz. But that will be the "signal" to tighten the seat belts. All of course, IMTO. Those interested in William Sapphire take on last weekend events in Tel Aviv, i copied an excerpt here:

Message 15892961

Zeev



To: bobby beara who wrote (77935)6/4/2001 6:02:23 PM
From: eichler  Read Replies (3) | Respond to of 99985
 
bobby,

A very telling chart. Those last six trading days with volume rising on the decline and falling on the rebound is saying
something very disconcerting for the longs.....
Looks to me the writing is on the wall....

Regards,
Moon Dude GGG

Thanks for the "ditto" earlier...I think you must have cast the swing vote!