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

To: pater tenebrarum who wrote (14551)	5/20/1999 10:45:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

Heinz, here is a story that would have been good for 10 points or more not to long ago biz.yahoo.com you should also take a look at telebanc financial. The play I did today, CNET was added to the Nasdaq 100, in another epoch would have sent it up and closed on the high, but it closed way off the high. While the nutz triangles could be perceived as a bullish flag, the parabolic top in the brokers with the much lower humps does not, the xbd went back to the top of the hump and has bounced off. I checked out all the nutzdex triangles on a closing price basis and most of them pinpointed yesterday and today we crossed over to the downside, with a sizeable increase in volume on the nasdaq, as compared to earlier this week. Look at the chart of elnk, clean double top, SEEK after receiving an upgrade that should have sent up popping is now back testing it's base, Aol also failed to follow thru on upgrades. athm broke off several low volitility bars and closed on the low on a volume uptick. The HSI has a pretty clean wave count five up from September, the final fifth of five was an ascending triangle and we had a bearish gap below the base, I suspect the Hang Seng will retest the January-March breakout point, also the hang seng went back up and touched the base of the Summer 97 H&S top on the hang seng. bb