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

To: donald sew who wrote (6391)	2/16/1999 10:35:00 AM
From: uclatrader	Read Replies (1) \| Respond to of 99985

don r u more bearish than bullish i m pleased by the broad market rally so far let's see if we can hold on to it till the close but disappointed by the performance of internets maybe they need more time to get back momentum what is your upper channel for dow thanx shuo

To: donald sew who wrote (6391)	2/16/1999 10:37:00 AM
From: uclatrader	Read Replies (2) \| Respond to of 99985

also the market looks very tierd now early steam is fading it will be interesting to watch its close shuo

To: donald sew who wrote (6391)	2/16/1999 10:41:00 AM
From: Challo Jeregy	Respond to of 99985

Thanks, Donald. Since anything I would want to buy was up high at the open, I wouldn't consider buying in right now. If you get your class 1 sell, I'll put. I had to play catch up on the thread this week-end. Great analysis to all these past 3 days. Since I don't have anything to offer, I'll play cheerleader<G>

To: donald sew who wrote (6391)	2/16/1999 10:44:00 AM
From: Ramsey Su	Read Replies (1) \| Respond to of 99985

Donald, the only problem with technicals today is the overwhelming news due out after close today. With DELL, HWP and AMAT reporting, they will move the market tomorrow regardless of what charts say today. My guess is DELL's report will be confusing, with earnings meeting expectations and the future up to interpretation. There is almost no chance that AMAT will disappoint in terms of numbers. If they do not meet estimates, they will simply use "one time charge offs". The street will interpret it as positive news, no paying attention to the fact that AMAT is already trading at 2003 prices, providing all goes well between now and then. HWP is a wild card. Together with MOT, these two probably rank 1 and 2 in terms of worst managed high tech company in the last few years. How they performed last qtr is anyone's guess. Now if all three came in with better than expected news, I think the rally will be prolonged with new found optimism. On the other hand, if they are less than robust, puts in any tech stocks would be royally rewarded. If you think my scenario is possible, what would you suggest as the best play today, or should we wait for tomorrow? Ramsey