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

To: Doug who wrote (83988)	10/23/2003 1:17:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 99985

Hawkmoon: What are your support Nos.? Thx. About 1600 on the Naz.. 850-900 on the SPX 8500-9000 on the DOW.. But the Naz, being the most oversold of the indices, is showing the greatest strength and could hold 1800, which would set it up for a powerful move to the upside... But I think we need a sharp sell-off over the next week or two in order to put sufficient fear in the markets to bring the overbought indicators down. Stocks I'm looking at purchasing on the retreat are LU, COSI, and possibly MCEL at the $2.25 level.. I've been working with some guys from LU, and they told me something very interesting. Apparently the US govt has so much LU based equipment that they been "pressuring" other contractors such as Verizon to send them as much business as possible in order to save the business.. COSI.. Because I love their locations here in DC, we're entering wintertime coffee drinking season, and I think they are making a positive managerial change. MCEL.. Because I think the Fuel Cell technology has to major possibilities for DOD contracts. I witnessed one of their demonstrations this summer and DOD folks seem to be expressing some major interest in their ability to "embed" hydrogen in a non-toxic substance similar to Borax, which could have some major environmental and safety considerations, especially for powering light equipment. Hawk