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

To: bobby beara who wrote (4939)1/29/1999 9:02:00 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 99985
 
Bobby have you watching the tape intraday?? I would agree it is a difficult call but it seems to me that there was selling pressure and they took the market up in the last hour.

I would not be surprised if Fund Manager did not short the leading stocks only to cover them into the last hour.

Having the averages high for the end of the month only draws in more suckers with their savings. It is a long term dead trap for many baby boomers.

BWDIK
Haim



To: bobby beara who wrote (4939)2/1/1999 7:24:00 AM
From: Arik T.G.  Read Replies (1) | Respond to of 99985
 
BB,

Top could be in this am.

>>CSCO broke to new highs out of an ascending triangle that points to 126.

Either that or a bull trap. The latter, IMO. Same for WCOM.

>>How about a vertical spike in the Nasdaq composite

Without MSFT?

I say sound the alarm and prepare to man the lifeboats. Buy NDX March puts (I already have a low cost OOM bear spread and intend to increase this am).

ATG


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