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

To: donald sew who wrote (14765)	5/24/1999 2:38:00 PM
From: James F. Hopkins	Read Replies (5) \| Respond to of 99985

Donald ; We are short term over sold, I'm not bullishb but I am looking for a bounce. Today Bought qqq @103-1/2 , opened position in UOPIX for the close, bought XLP @25-3/8, I'm still holding gold, UNWPX May open position in FUSMX tomorrow , I was to late today. All these are short term position trades, ( not investments ) <G> Jim

To: donald sew who wrote (14765)	5/24/1999 5:02:00 PM
From: stockycd	Respond to of 99985

Donald and all, Most of the INET/Nuts moved lower today (continued bloodbath). Take notice of the symmetrical triangle resolution to the downside for CMGI and the DOT (YIKES!). If there is a follow through tomorrow (for confirmation) to the downside, the internets are in BIGGER trouble than even I thought. DELL is sitting on very important support. The DOW transports need to reverse very soon. The BKX is tankola. Having said this, most sectors seem to be nearing very oversold so we expect a bounce, right? For a lot of people's sake, I sure hope so. Chris