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

To: Stephen who wrote (11485)4/19/1999 7:28:00 PM
From: American Spirit  Read Replies (3) | Respond to of 99985
 
Question for you MDA gurus: Considering the fact that the last two NAZ crashes were followed quickly by more than 50% retracements then followed again by higher highers (took about 4-6 weeks to fully recover) wouldn't you say tomorrow (or this afternoon) was a selling climax, oversold buying opportunity? Not that I have any cash left but I'd just like to know your opinions. - All this talk about broken trendlines and so forth ignores the fact that in many cases these tech stocks are looking like terrific bargains. If AOL drops below 100 I'll eat my words but at 118 this afternoon I think I got a pretty good deal. Opinions anyone?

Also, can we keep an eye on the NAZ futures for tomorrow?



To: Stephen who wrote (11485)4/19/1999 8:40:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Stephen: Anyone think this a.m.'s action was a 'set-up' for the smaller investor ?

The "big boys" are always angling for a set up...that is always a consideration for me with every single read...<g>

By the way, that chart info is at least two weeks old when posted.

Regards,
LG


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