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

To: bobby beara who wrote (80222)	7/15/2001 3:20:27 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

Bobby, I thought Cramer was bullish, he is the guy that was shouting last time CSCO hit $20, you'll never see $18 again...I still see the Naz in a massive distribution pattern extending back almost three months to that late April peak. It looks like a "double head and shoulder" to me, a new technical formation with two left shoulders and two right shoulders (we are probably within the second right shoulder formation now <g>). If INTC's hype this week cannot get us over the hump at 2250 on the Naz, I would say that the summer massacre is still ahead uf us. MSFT which started the last two bumps, does not look too good either, in the last run, it could not get over the $74 area (and could not even make a new higher high on Friday, not talking about that spike to $76 a short while ago). Other leaders of the last rally like QLGC and BRCD are also faltering. Look at BRCD, a perfect short candidate, a series of lower highs and lower lows: 5/22; $55-1/4, 6/13; $48.9; 7/2 $45, and lower lows of, 5/14; $38, 5/30; $35.8, 6/19; $34.3 and 7/11; 30.25. BRCD seems destined to retest the 4/4 low at $19. Many others will follow, IMTO in the next two months or so. Zeev

To: bobby beara who wrote (80222)	7/15/2001 3:55:00 PM
From: eichler	Respond to of 99985

Hey Bobby, I really feel pretty good when we are both on the same side. I've noticed in the past the results are pretty good. home.earthlink.net This is the current situation for the compx, I've made a few lines here and there to highlight what I think are the key components at present. Stochastics were trending down since the initial space launch after the April bottom. Recently, the trending was broken to the upside which perhaps is indicating the downtrending of price is over and just maybe, as we two currently suspect...another stage of rally may be on the table. I'm thinking a major clue should be presented this week, as close as we are currently to overhead resistance, around 2125. I think if we break through the DT line, rally is on. As there is very little room from here to the resistance: stochastics, MA cross over, ADX crossover, price above the blue line 30ema all indicating either a big fake out false signal for rally or that the real thing might just be directly in front of us. Coupled with JT's bullish Rydex numbers, I have to expect the upside is more probable than the downside. Neither one of us has a history of perma-anything or tendency for remaining wrong for long, errors in judgement are quickly rectified when the chart tells as always who is really the master. I suspect if we get canceling signals for the current suspected rally follow through, we will both be running for the hills. We'll see what shakes out quite soon. Regards, Eichler