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


To: donald sew who wrote (5616)2/7/1999 2:16:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
>>>I checked my short-term technicals on some individual issues like AA,IP,GP,MMM,CAT, etc and noticed that they are in or approaching CLASS SELL territory<<<

Donald, AA has a very bullish chart pattern. A year long in the making inverted H&S pattern with a bullish gap across the neckline on big volume in the first week of January, then a retest of the neckline on low volume during this corrective phase and a big jump off it Friday on triple avg. daily volume.

pattern projects for another 15% rise in price.

should be bullish for the whole metals group.

bb



To: donald sew who wrote (5616)2/8/1999 4:26:00 AM
From: Arik T.G.  Read Replies (1) | Respond to of 99985
 
Re: Rotation

In the process of rotating from heavyweight tech stocks to other sectors (cyclicals?) the market indices are down. Maria B. will probably call it money on the sidelines, I call it profit taking on long term holdings.

What is your system showing for MSFT? It looks a bit oversold ST. How long before it gets to Class 1 buy territory?

ATG