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

To: bobby beara who wrote (6441)	2/16/1999 5:38:00 PM
From: yard_man	Read Replies (1) \| Respond to of 99985

That AMTD short should serve you well, if you are still in it ...

To: bobby beara who wrote (6441)	2/16/1999 5:56:00 PM
From: donald sew	Respond to of 99985

INDEX UPDATE ================================ ITs WHIPSAW TIME, as we have seen for the last 22 days. Per my short-term technicals the NAZ just entered the oversold region and the DOW is approaching the overbought region. We got a divergence here. The OEX, SPX are slightly above mid-range and the RUT is a CLASS 1 BUY. Many are already expecting a big selloff because of DELL, but I am getting indication that the selloff may not be as big as some expect. DELL closed at about 88 and became a CLASS 1 BUY at 88. Just noticed in afterhour trading that DELL is in the 77 range. Not to say that DELL could not go lower down the road, but for the short-term it is severely overdone and DELL should rebound quickly if it does open around 77. The liklihood is that the NAZ should open down but am expecting a bounce tomorrow or latest THUR. For those holding PUTs, would suggest to take caution not to hold too long expecting a huge further drop beyond the probable down open. Im not turning bullish, just that I am getting signals that we may see a bounce after a morning selloff. If it doesnt come immediately then latest THUR. On the other hand the bounce should not be that strong either. Seeya