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

To: HairBall who wrote (78497)	6/12/2001 12:26:22 PM
From: eichler	Read Replies (2) \| Respond to of 99985

LG, <are you sure you're not me...LOL> hehe I better check with that missman, maybe I really am not me...VBG Agree with you on the oversold conditions. The longer the indexes hang out here without dropping lower, I think the chances for a bounce improve. Looks rather likely to me. Once that gap is filled, methinks you are right to "keep an eye out" as another test of current support would appear likely. The look of the dailies appears very weak, so I will not be holding my breath waiting for a big turnaround, though with the relatively weak volume of late, I think anything is possible. I'm kicking myself in the rear for not holding CALY longer, missed an easy double. Got out of DROOY as that thing is just too sluggish for my impatient personality. Just piled into OPUS this a.m. as the daily looks like a breakout in progress. I really like the look of OBV on that chart. I think with some individual stocks still making upward moves here and there, the charts for the indexes look worse than they perhaps really are. Looks too easy now for the bottom to just fall out, though maybe the easy route will prove correct, but maybe not immediately. Best Regards, Eichler Good News! I just looked in the mirror...I'm still me! Hooray!