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

To: Jerry Olson who wrote (12757)	5/3/1999 7:19:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Jerry, >>>> Actually Don, the nets after the first hard sell are actually holding at higher levels..check it out... in fact they all held support today, that's why i bought them... now because they held, people will dive in as suppport was tested again <<<<< That is correct, if the DOT bounces tomorrow it would produce a higher low, but you need to keep in mind that the recent peak was a LOWER HIGH, which complicates things. That does not mean there will not be a bounce, just that it needs to create a HIGHER HIGH now or it could be in the process of forming a triangle. seeya