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

To: StockOperator who wrote (11589)	4/20/1999 6:33:00 PM
From: Sonny Blue	Read Replies (1) \| Respond to of 99985

SO, You nailed it again. Great post. But I think Net stocks may have to settle down a little bit here. The volatility in these stocks are just out of this world. Sonny

To: StockOperator who wrote (11589)	4/20/1999 8:00:00 PM
From: HairBall	Read Replies (3) \| Respond to of 99985

StockOperator: The main problem that I see with viewing the markets in this way is one has to honestly ask themselves if their analysis is causing them to lead or be led by the market volatility. Of course the market has taken a hit recently. But after an almost 1000 pt advance in two weeks some sort of retracement is only warranted. Look at some of the companies that have been hit the hardest - RNWK last week hit a high of 263, yesterday it hit a low of 127 but believe it or not last month the low was 70. Plus yesterday it dropped 41 while today it rose 52, hitting a completely higher high. So I really do believe one has to view things in the context of the bigger picture. I would answer that by saying we all know that most folks are not fortunate enough to buy in at the lows. Many folks believing a new “bull leg up” was in the making may have bought into to stocks over the last couple of weeks, or even over the last few days. Anyone that bought into this logic and bought any of the leading stocks listed below over the past few weeks has found little if any profits even after today's rebound. (I am sure one could list a few examples of profitable issues/trades, however the point I make remains valid.) Symbol High in April Close Today AOL 175.5 128.6875 YHOO 244 171 EBAY 195 162.5 AMZN 195.75 172 CSCO 120 101.5625 DELL 48.96875 38.1875 INTC 66.75 56.5625 MSFT 98.625 88.125 WCOM 93.9375 84.875 AXP 139.9375 127.5 GE 117.4375 109.3125 IBM 188.0625 169.75 MRK 85.0625 75.25 I would like to say that if one “looks at the charts without bias and allows the Market to reveal to them what it is really saying”, one would not have been long in the above stocks as of April 1st To All: No one should read a post on SI and make investment decisions based solely on that advice, expectation or prediction. The information found on message boards should be used (if at all) as only part of any investment decision. Of course, all investors need to understand they are ultimately responsible for their own investment decisions. No one person or group has a lock on what the Market will do. Sometimes they are right and sometimes they are wrong. If you are going to invest in the Market (intraday, short, medium or long-term) make sure you understand the advice being given and that you need to do your own research before making any investment decision. And, always have a game plan for entering a trade, limiting your losses and taking profits. If you don't have a plan, you should not be trading or investing until you do! Regards, LG