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

To: bobby beara who wrote (82697)	3/4/2002 10:48:04 AM
From: KymarFye	Read Replies (2) \| Respond to of 99985

I'd say LBR called it pretty well... if you bought that opening pullback on the Nazorama... you're happy... or at least as happy as increasing wealth can make you...

To: bobby beara who wrote (82697)	3/4/2002 10:50:24 AM
From: HairBall	Respond to of 99985

bobby b: Per my intraday models I am expecting some pullback in the issues I am long... These are after the fact trades (at least on SI, but posted on the Wollie World board on CB) so take them with a grain of salt...Long WCOM 6.2 (up 32+%), NTAP 15.90 (up 28+%) and QCOM 33.65 (up 11+%) as I type. Also long a couple more issues. So, some of the NAZ issues have been leading. However I am expecting a retrace in each of the above stocks I mentioned. I am expecting a retrace of the recent intraday move in both the NYA and COMPX...per my intraday models. EDIT: I forgot those percentages included estimated commission cost for the round trip trades, so the issue are actually up a little higher when posted. And with the market strength, we may just see a bullish consolidation pattern develop... Regards, LG

To: bobby beara who wrote (82697)	3/4/2002 11:25:45 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

bobby b: Another stock I am long is TERN at 6. I have been expecting this stock to move up and out of its Dec99 falling wedge and it "finally" did back on 2/20. However, with the gap-up looming below, I must admit I have been less aggressive than normal for a set up like this. Stops in place as always... Now that TERN has broken above the falling wedge and I have a profit pad in place, I wait to see what kind of ride I am going to get. A run back to test the origin of the wedge would be the Dec99 high (14.75). Additional possible stops along the way...retrace levels 23.% 7.66), 38.2% (9.02), 50% (10.11), 61.8% (11.20) and 78.6% (12.76). As I was still concerned with that gap-up, I waited for the break this time to establish a full position. However, I am considering a second postion...a move above 7.25 might do it, but I want to see how it does it... Regards, LG