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


To: StockOperator who wrote (12557)4/30/1999 3:09:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Two more market bellwethers on the verge of breaking support at previous reaction lows: MSFT (80) and WMT (44). TXN finally following suit of other broken semiconductor stocks. MOT is one of the few semiconductor stocks to hold up.



To: StockOperator who wrote (12557)4/30/1999 3:10:00 PM
From: Moominoid  Read Replies (2) | Respond to of 99985
 
SP500 is approaching 34 day MA which I find has often been a support. 17 March top is also around here. So I'm not panicking yet.

David



To: StockOperator who wrote (12557)4/30/1999 3:12:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 99985
 
SO, agreed it looks like a bad day, but it seems to me that profit taking is only natural after the recent runup especially when the bond provides such an excellent excuse.

regards,

hb