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

To: HairBall who wrote (12986)	5/5/1999 11:00:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Thanks for the link. The following provides a list of some stocks that meet short-term patterns described in the links on the page. hardrightedge.com 200 Best IBD Stocks List investors.com

To: HairBall who wrote (12986)	5/5/1999 11:20:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Thanks for that link LG, however i disgree with the author here to a certain point. >>>>The classic Descending Triangle illustrates the painful rollover from bull to bear market better than any other pattern.<<<< all of these kind of patterns are congestion patterns and can break either way and the chart/volume can give some clues, however the example he gives on seek was a parabolic top with a much lower high, should have been recognized past tense as a five wave decline and by the time someone recogized that pattern it was late in the game to get short. At the time of the parabolic peek on Seek then I bought puts, however I wasn't smart enough at the time to recognize the 5 wave decline into the 20 area making a bottom. I've seen a lot of declining wedges resolve bullishly, AAPL and SEEK recently were examples of that. I think all congestion patterns produce optimal buying or shorting opportunities, but should always be managed with protective stops. bb

To: HairBall who wrote (12986)	5/6/1999
From: Lee Lichterman III	Respond to of 99985

Charts are updated onthe MDA site now. As I stated yesterday, after getting too much bad data early, I have delayed my data downloads until it is all scrubbed at 10:30 so my charts won't be updated until around this time of night from now on. Note the indexes bounced right where they should have according to the forks. They even amazed me. Wish I would have been home to trade them. I Still would have liked to see more of a bounce out of MSFT and a few other leaders though. SDtill GE and WCOM looked pretty strong. A few techs and Biotechs are still a bit weak though so caution still advised even though we may get a bounce here. Good Luck, Lee