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

To: StockOperator who wrote (10167)	4/7/1999 7:49:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

The rally was on very weak up volume. 30 million shares made 121 points on the DJIA and 9 on the SPX!! Closing Report for: Wednesday, Apr 7 1999 Dow Jones Averages: Dow Jones Industrial Avg 10,085.31 Up +121.82 (+1.22%) Dow Jones Transport Avg 3,338.87 Up +13.75 (+0.41%) Dow Jones Utilities Avg 292.37 Off -1.20 (-0.41%) New York Composite Avg 616.23 Up +3.91 (+0.64%) OEX S&P 100 672.84 Up +7.55 (+1.13%) SPX S&P 500 1,326.89 Up +9.00 (+0.68%) Advancing Issues 1,372 Declining Issues 1,596 Unchanged Issues 565 Advancing Volume 410,399,000 Declining Volume 381,413,000 Unchanged Volume 28,153,700 Total Volume 819,931,000

To: StockOperator who wrote (10167)	4/7/1999 9:11:00 PM
From: HairBall	Respond to of 99985

SO: This bull is getting ready to break the back of the bear. Prepare yourselves accordingly. Gee, why don't you just say what you mean...<g> To All: Don't be betting the retirement money or the down payment for the new house or pickup truck or the kids college money...get my drift...<gg> Regards, LG

To: StockOperator who wrote (10167)	4/8/1999 12:20:00 AM
From: StockOperator	Read Replies (2) \| Respond to of 99985

There are certain times in the market that offer fantastic opportunities for wealth accumulation. Being on the ground floor of an internet ipo is one of them. However, many of us do not have the connections or deep enough pockets to be inside many of these deals. Then again there are some that enjoy running solo in the market. They're excited by climbing into the ring every day with the odds stacked against them. And although much pleasure can be derived watching that ipo double in a day. It pales in comparison to the feeling you get watching your account grow from decisions YOU make on a daily basis. That ipo required no skill. On the other hand, to trade and make money based off the fundamental or technical picture, requires a great deal of skill. Especially in an environment of extreme volatility and poor market internals. Compared to that, that ipo is much faster and easier. Fortunately for us there are times, similar to that ipo, when making money is almost as immediate. Whether your long or short the market does not matter. Only that you're read on things is correct and you position yourself accordingly. The breakout points on the charts offers the trader the opportunity for gains that would normally take years to make. A good example would be that break of the rising wedge on AOL's chart (3/15/99). You could have purchased shares all day long in the low 100's. Yesterday it hit a high of 175. Or how about QWST which just three days ago broke through resistance at 74. Today's high almost 89 (and climbing). What about YHOO which recently broke through 180. Two days later 244. Not all of these moves coincide with prices moving into new highs. You can often see huge gains as prices work through a heavily congested area. IMO, the tranports are in that situation right now. Yes identifying and trading those breaks can be extremely profitable. That's why after updating my charts tonight I got very excited. So many of the stocks that I follow, have prices at those positions as we speak. The indexes have also spent the last couple of months working their way there. It's all do or die now. Just like AOL before it broke through that wedge. Prices have worked their way into a area where only a decisive move will break the consolidation. IMO, all the indices are there right now. Over the next two days I will be keeping an eye on the Utilities and VIX (which is acting funny) Interest rates are at a critical point. Pay close attention to WCOM which had a significant break in prices. Similar to NSOL which broke down only to make a huge advance a day later. Watch to see is WCOM can rebound in price. GM is also worth watching in that it also gave back quite a bit today. With prices at breakout points on the charts. The indices are going to need all their major players to march in line for any advance to be meaningful. Good luck trading. SO

To: StockOperator who wrote (10167)	4/8/1999 6:37:00 PM
From: Sonny Blue	Read Replies (1) \| Respond to of 99985

>>Fasten your seatbelts! This market is getting ready to take us for a ride. This bull is getting ready to break the back of the bear. Prepare yourselves accordingly. Anyone shorting here be very careful. All the bricks are just about in place for a decisive break. << SO: How did you come to this conclusion yesterday? Is it based on data, charts, sentiments or just experience? I drew the same conclusion last night but early this morning and late afternoon pullbacks really messed me up in term of timing & pulling the triggers.