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

To: donald sew who wrote (2168)	12/17/1998 10:01:00 AM
From: zoya	Read Replies (2) \| Respond to of 99985

i am noticing extremely low volume on some of the stocks that i follow. can any one explain why this is happening? thanks.

To: donald sew who wrote (2168)	12/17/1998 10:31:00 AM
From: StockOperator	Read Replies (2) \| Respond to of 99985

Guys I believe that this market is going higher. I agree with many of you that there are obvious signs of overall weakness in the numbers. But I won't rely strictly on oscillators, which can often conflict with one another. What did breadth or advance decline numbers look like in October when the markets were bottoming. How many of them pointed to the huge rally that followed. When looking at the chart patterns for some of the major indices and well as all the big players in the Dow and NASDAQ I see charts that have bottomed and are now beginning to move higher. As a matter of fact the chart patterns of many of the generals in the NASDAQ as well as the internets are in the process of breaking out to new highs (YAHOO and Cisco are perfect examples) from consolidation patterns. So ask yourself this question, can we have a breakdown in the averages when the chart patterns of the major players in those averages are extremely bullish? I just don't see it. I'm bullish here. StockOperator

To: donald sew who wrote (2168)	12/17/1998 10:37:00 AM
From: Moominoid	Read Replies (1) \| Respond to of 99985

PPOD is 5 7/8 The recent peak was 13 1/8 I think. But the stock floated at 16 and has been all over the place (below 3) since then. I wonder if there are other inuts with this kind of history. David

To: donald sew who wrote (2168)	12/17/1998 11:02:00 AM
From: Ramsey Su	Respond to of 99985

Donald, I read the upgrade on AMZN yesterday. Though I did not read it carefully, it is my understanding that the target price of $400 is based on a $10 earnings in 2004, five years from now. So the target price is a 5 yr target price? Just wondering if any of the people buying yesterday actually gone beyond the headlines. Today is MU. May be we should have a thread, inviting these talking heads to inform us what they will be pumping next. Ramsey

To: donald sew who wrote (2168)	12/17/1998 11:38:00 AM
From: John Pitera	Read Replies (1) \| Respond to of 99985

Donald, Great Analysis on the Net Index (dot.x) . I agree it looks like it had a blow off top that peaked at 450 and that might be the most appropriate time for it to top as The Street.com announced the creation of this index on Nov 23rd, and considering that the internets have been the signature sign of speculation in this market mania. Options on the index started trading on Dec 9th and it would be a classic example of a bubble for the index to have made a top before it even started trading. By the way they can give you a history of how the index has traded going back through last year as you just use the market weighting that TSC established for each component and and calculate how each individual stock traded each day. A .618 retracement of the the decline from 450 down to 304 will be @ the 390 area if we see a turn down occur there then it will impact the rest of the market in a negative fashion. A .50 retracement is @ 375 ---it probably has enough juice to get through that. Above 390-- Baby Rock and Roll to 450 and then: TO INFINITY AND BEYOND Passing Observations, John