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

To: bobby beara who wrote (14755)	5/24/1999 10:48:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

Bobby they have taken the nets out behind the woodshed...slam bamm whamm... a lot of these stocks have broken P&F support today... but 2 things...this is the day after opp exp..always position squaring days..and second these stocks are now down 30-50% from their highs...those that hold support without giving sell signals can and should be bought... volume is the key...let's see what happens, one day means zipski... Pammy...ohh wowie...<g>...

To: bobby beara who wrote (14755)	5/24/1999 11:00:00 AM
From: Les H	Respond to of 99985

Very good. The porn.com internet index is bucking the market, no pun intended. quote.yahoo.com It took over a 20% decline in the nets to just trigger a 12-25-9 week MACD sell signal last week as well as other weekly sell triggers. Most 9-month cycles resolve in the markets with the 10-week and the 40-week moving averages converging. The nets have done so in the past as well. At this point, the average internet is 30% extended by this measure since the 10-week MA is 44% above the respective 40-week MA. Happy investing in the porn.com's.