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

To: Doug who wrote (81327)	8/9/2001 8:14:12 PM
From: eichler	Respond to of 99985

Doug, Thanks for teaching me "+ve"...! Had to look at that for awhile to figure that one out...a little slooow at times..ggg home.earthlink.net I think that WCOM is in the lower risk range from the long point of view. Also, it hit support today as well. There is room above to the downtrend line, though the profit potential to that point only is not exactly amazing, but hey..13.5 to 15 is better than 10%! I am and have been leery of the entire telecom sector as it has been selling off for some time...but then again...there's got to be a bottom somewhere. If the compx can manage a turnaround here, then that should have a +ve influence on various techs. I would become actually bullish on that chart if it broke it's downtrend line on an EOD basis, so it's something to keep an eye on. Best to you, Eichler