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

To: jjs_ynot who wrote (9868)	4/5/1999 3:09:00 PM
From: Sonny Blue	Respond to of 99985

>> Interesting to see if this is the top. << NASDAQ just broke out a 3-month cup-and-handle formation with tremendous volume. This is another new leg in the 17-year-old bull market. Trader Rule #2: Don't pick a top, don't pick a bottom.

To: jjs_ynot who wrote (9868)	4/5/1999 3:44:00 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 99985

Dave, It sure hit 325 sooner than I would have liked. It left the SPX in the dust!! Looks alot like climax material to me, with YHOO up 15 % and AOL up 11%. If we get a gap up tomorrow followed either by a flat session or negative close that takes back 50% of today's gains, the top is in. If we close above 332.50, I would begin to doubt this area being a top... But i sure don't think that's gonna happen (famous last words!!) <g> David