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

To: donald sew who wrote (11678)	4/21/1999 10:37:00 AM
From: Stephen	Respond to of 99985

Barring yesterday, the two previous days had 'all buyers' or 'all sellers' periods. Today is following the same pattern. Intradays look good but have weakened a tad. Interesting that MSFT, the supposed linchpin of any market move is down for the day ... shadows of yesterdays close ... I can only suppose this reflects to wildly different views on the market. The internuts are up big ... so we know where some of the buying is coming from !!. Stephen

To: donald sew who wrote (11678)	4/21/1999 10:41:00 AM
From: Daniel Joo	Read Replies (1) \| Respond to of 99985

Setup - IMO. Relatively low volume (at least on the stocks I'm tracking) - trying to bring in the "Buy on the Dip" crowd. When MSFT is down on fair earnings report, when funds like Magellan have been rotating out of tech stocks, when a company like Tribune Co. hedge their AOL investment, when Yahoo hardly budges on positive earnings report, etc. - to me these are signs of an exhausted bull market. Dan

To: donald sew who wrote (11678)	4/21/1999 10:53:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

donald and all: For those of you that view trend lines with some significance... Looking at the 30-minute bars, one will note a resistance trend line (along the highs) of the NDX from April 13th that has offered resistance to today's rise in the NDX. Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.