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

To: bobby beara who wrote (7452)3/3/1999 9:44:00 PM
From: Terry Whitman  Read Replies (1) | Respond to of 99985
 
Come on now, Bobby. Last July's Top was a Lay-up. Message 5260707

This top has proven to be a little more difficult call due to the stunning blow off in the Nazcrap. Looks to me like Feb.1 was IT for the NAZ, and the Dow pulled a Double Top (slightly lower on the second one).

NSCP looks like an even tastier short this time around <g>

New highs/lows looking UGLY and smells even worse. In fact, you might even say it STINKS. Today's 30 minute rally isn't gonna fool me, I'm not buying any nutz now. <g> Of course we could rally for a few days and sucker a few more sheep in.

TW



To: bobby beara who wrote (7452)3/3/1999 10:25:00 PM
From: KM  Respond to of 99985
 
No kidding on COMS. I shorted it on its run back over 24 this a.m. and had to fight like hell to cover at 23 9/16. I couldn't believe the buying. Goldman and Instinet were selling huge blocks but the dipsters overwhelmed them, especially at the end of the day.


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