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


To: donald sew who wrote (7987)3/11/1999 11:26:00 AM
From: Gersh Avery  Respond to of 99985
 
Hi don

Got two upper fork lines at:

Older one (dates first pointed out by you) 1302.71

New one 1310.76

These would be closing numbers.

Gersh



To: donald sew who wrote (7987)3/11/1999 11:27:00 AM
From: Dragon 1  Respond to of 99985
 
<<The market internals are actually improving some, not dramaticallly, but some. It does look
like they are taking this market higher.>>

Don, can't you see this is a deliberate and concerted and orchestrated and desperate effort to artificially push the Dow over 10,000? 10,000 for 10,000's sake, that is the best way to describe it. With warning seasons coming in, I suggest selling what you have and shorting into 10,000. Any good picks would be welcome, though.



To: donald sew who wrote (7987)3/11/1999 11:39:00 AM
From: Daflye  Read Replies (2) | Respond to of 99985
 
Markets higher, TICK lower, VIX bottomed??? Just spiked above 25, TRIN bottomed at .49??? Spiking up big time??? Sustainable???
TYX.X bottomed yesterday and has been setting higher highs, higher lows since then. OEX has alot of gaps to fill, but that could take weeks, or days???
A/D pos, High/Lows > 1, up vol/down vol approx 3 to 1.
But new highs still contracting, fewer stocks hittin' em as averages move higher.
On paper I just bought OEYOH at ask of 4 1/4.
Don't have the nads to go live right now. WOW.
D

edit: NOW everybody seems to be sayin' that DOW 10,000 is a shoe-in, I'm startin to believe it too. Maybe I'll go buy calls, that'll stop the rally in its tracks, and those paper puts will triple. heh heh heh