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

To: donald sew who wrote (12767)	5/3/1999 8:30:00 PM
From: Stephen	Respond to of 99985

Interestingly, the internuts showed weakness at end of day ... instead of the often showed strength. This was commonly caused by daytrading shorts covering, with buyers supporting the rally as it showed upwards bias. The fact that it didn't happen today maybe telling ... at least in the short term (course with internuts short-term sometimes means 2 hours ... GG). Without the promise of news, buying the internut dip is far riskier given the calendar / market considerations. JMHO. Stephen

To: donald sew who wrote (12767)	5/3/1999 9:00:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

Actually Donald... triangles can be both bullish and bearish..i trade them using both P&F charts that clearly show these formations, and also using candles thru a charting service i hold in high regard... you can trade both decending & ascending tri's...based on my reads for break out plays...triangles create presure for a major move...the question is which way..interpretation of these moves is how i make my living<gggggg>.... i now have a list of stock trades for the remainder of this month that's longer than my arm...it just keeps growing and growing..amazing...i'm rotating in and out of sectors...that's where P&F helps me a lot, showing which sectors have reversed UP and are now readying a move north..i then select stocks within that sector that have good charts...there are so many now it's very hard to choose... all in all Don, the markets and eco conditions, re: interest rates, inflation blah blah blah..are all to good to be true...with so much sideline money trying to decide when to get in i feel there's an enormous powerful run in the offing...with a floor in the selloff because of the buying power of the funds... anyway this was truly a remarkable day to remember..DOW 11,000..sensational... oh yeah, the nets got killed<gggggggg>........<gulp>......