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


To: Daniel Joo who wrote (12305)4/28/1999 9:39:00 PM
From: American Spirit  Read Replies (1) | Respond to of 99985
 
Losing steam? Maybe a little more rationality is coming into play but the nets can hardly be considered weak when they zoom back 30% from 40% drops last week in a matter of days. The fever may be lessening replaced by more circumspect analysis but the nets are still the greatest growth stocks of our era and will remain so. They are literally the future of comunications, news, information, commerce and entertainment. And this is just the beginning of a long but rapid evolutionary process. If you pick the winners you win big-time.

If the nets sell off now it will just be a great buying opportunity again like last Monday. I made a killing on the stocks I bought that day.



To: Daniel Joo who wrote (12305)4/28/1999 10:49:00 PM
From: bearshark  Read Replies (3) | Respond to of 99985
 
Dan:

I have to go with the DOT traders for now. They will make a stand at the 50-DMA point which I believe is at about 620. A useful rally should break 740. Any further decline needs to be stopped before 550.

The only DOT chart I have found is the DBC one. Does anyone have a chart showing volume?