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

To: Terry Whitman who wrote (7185)	2/28/1999 7:40:00 AM
From: donald sew	Read Replies (4) \| Respond to of 99985

Terry, On the Chart you posted: iqc.com I dont know if you mentioned it already but the divergence in the MACD looks ominous. On the MACD HIST it is obvious that the peaks are declining while the price tested its highs. Lets just say it dont look good. seeya

To: Terry Whitman who wrote (7185)	2/28/1999 10:36:00 AM
From: Les H	Read Replies (1) \| Respond to of 99985

By the time, high volume shows up in a downtrend, it is usually late to take protective action. Either the market has broken key support or the market is making a bottom. It's a sign of a downtrend picking up momentum or the momentum peaking. The volume peaks were in early January when the market was making a top. Of the tech sector, two of the four main areas broke down last week: Semiconductors (SOX) and Computer Boxes (BMX). The telecom and software (CWX) are yet to break.

To: Terry Whitman who wrote (7185)	2/28/1999 11:37:00 AM
From: j.o.	Read Replies (3) \| Respond to of 99985

Looking back at the market over the last months... I can't help thinking that in the Dow we are just caught in a range between 9200 and 9500 with some attempted breakouts which were quickly corrected. How do you know when to call an end to a range? I have seen other markets' ranges outlive many calls for their demise. It seems to me that this might be the case here as well. We have had some shocker-valuations come back down to earth a bit (Dell et al), but I have not seen any indication that the market overall is preparing to break out. Any ideas on why we should leave the range just now? I would rather buy my puts when I see the move happening. Or will I have missed it? I tend to think that the next big move will have at least 500-1000 points in it. I don't tend to think I'll miss the whole thing. j.o.