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

To: Dnorman who wrote (1763)12/14/1998 5:56:00 PM
From: Zeev Hed  Respond to of 99985
 
Dnorman, on some specific stocks in the semi, I am not waiting for the 310, specifically for CYMI and WFR which have broken resistance. I think that there is a better then 50% chance that the 310 level on the SOX will be broken as well as the 8650 on the DOW, but I maintain a bullish stand, for instance on VECO, until it breaches 43.5. I am also bullish on RMBS unless it breaches 86.5 (which could very well happen tomorrow). Actually, todays NAZ action, so close to the top of 2050, with the extremely negative breadth on both the NYSE and NAZ, indicates to me (and that is gut feelings, not a Turnips call) that these two level will not hold. Do not worry about confusion, I am confused as well.

Zeev



To: Dnorman who wrote (1763)12/15/1998 3:45:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 99985
 
Dnorman, well it seems that 8650 held very nicely, the market kissed it within 28 points and bounced back, the SOX did not go much under 320, so for now (like until Thursday and that suicidal impeachment vote), we are in the clear. Next week is another affair, I am getting negative reading for that.

Zeev


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