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

To: SpecialK who wrote (83778)	4/29/2003 8:25:11 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 99985

Just my opinion, but if you're short, I think you all should be looking at covering and going long. Methinks we're looking at the beginnings of a major summer rally. Nasdaq: Weekly (indicating short term overbought) bigcharts.marketwatch.com Monthly (oversold and rallying from major lows on Stochastics and Williams%) bigcharts.marketwatch.com Quarterly (same thing) bigcharts.marketwatch.com I think the indicators are pretty similar on the SPX and INDU if you punch them in.. We're due for some consolidation through the next couple of weeks, but June and July looking REEEAAAALLL interesting.. The Nasdaq looks like it could hit 2000, netting a nifty gain... Hawk