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

To: mishedlo who wrote (80351)	7/17/2001 11:10:11 AM
From: 10K a day	Respond to of 99985

ok all you chart acronym guys. what do you call that spinning top pattern after a gap...? i think this market is going to be volatile.

To: mishedlo who wrote (80351)	7/17/2001 11:12:32 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 99985

Not sure I would agree with the RMBS hedge, RMBS is dead money IMO...

To: mishedlo who wrote (80351)	7/17/2001 11:21:57 AM
From: eichler	Respond to of 99985

Mish, Very dizzy....ggg Checked the MITA thread again.....numbers are very bullish. Been buying dips in some penny stocks and scalping for 25% gains. Going to keep buying dips. Very difficult to read the market right now but taking profits on small moves looks to be working well with the market bouncing up and down. Best not to be married to one view. Maybe the "rally" is taking a slight detour...not looking all that bad right now. Appreciate you last several posts. Great to see what other traders are thinking. Regards, Eichler

To: mishedlo who wrote (80351)	7/17/2001 11:33:20 AM
From: t2	Respond to of 99985

No way INTC can go to the moon without RMBS cooperating They are not connected as much anymore since Intel's Pentium 4 is now available for cheaper non-Rambus memory. That might have been the turning point for Intel's business back at the start of May, when they made the announcement. It clears the way for Pentium 4 demand ramp up...now or next 2 quarters. IMHO, the Rambus only availability of the Pentium 4 really hurt Intel earlier in the year and late last year in terms of market share against AMD. Watch for the market share reversals going into year end for Intel. MSFT is still solid and will not co-operate with the bearish case for retest of lows. --11% of the NDX and 10% of the Comp. Bears probably wish it was an NYSE stock<g> BTW--you made a point about Intel being a hedge. I would consider CIEN and JNPR as downside hedges, while staying long the MSFT, INTC types. If the market tanks, both CIEN and JNPR will get a greater percentage loss, imho. CIEN still looks to head south. It goes down with the market but does not go up with it has been my observation. Both are in the worst tech sector.