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

To: donald sew who wrote (15005)5/26/1999 12:30:00 PM
From: bearshark  Read Replies (2) | Respond to of 99985
 
Don:

I wanted to buy the rally too. However, I think I may resist. In my book, today is a must rally day. So far the volume is trying to hold on. We need to survive the mid-day lull to get to a chance for an end-of-day rally.

The DOT continues to be the dominant issue for this market. I cannot gauge how many margined "nouveau traders" have been trading the garbage-net stocks. Unfortunately, it looks like the "nouveau money managers" followed them into the garbage-net. Like a good part of the San Francisco waterfront, this market's foundation is garbage.



To: donald sew who wrote (15005)5/26/1999 12:34:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
donald: How much of a rally are you looking for? Points...and Days...

I must say the Market is looking weaker than I expected given the various support areas coming into to play. I guess the BTD'ers are already feeling a little beat up. I suspect once the Indexes begin to move up a little more, the BTD'ers may be willing to take a chance.

Where are those optimistic bulls when you need them....where is that OJ?

Regards,
LG


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