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


To: pater tenebrarum who wrote (15163)5/27/1999 7:50:00 PM
From: bobby beara  Respond to of 99985
 
>>>Bobby, i have a nutz-related question:<<<

Heinz, Considering I wear a propeller beanie to all formal occasions - yu came to the right place for an answer -gggg-

On an elliot basis I can make a case for a wave three concluding and the short covering rally that gave so many people hope yesterday (that dell was a great company and the stock price will comeback -ggg-)

was a wave four corrective rally. This would seem to go along with the trendbreak in the xbd and the retest of support to make it resistance.

Yes the GIN is oversold as is everything and trying to peel out of it's 20 day band, however the triangle is looking like an ABC and lots of times A=C and if so that would put a halt to the sell-off near the Jan lows on the GIN.

YHOO was the first stock out of the gate to new highs from the sept lows and has already based out at the jan lows,

Providing leadership?

all disclaimers apply

PnBobby.



To: pater tenebrarum who wrote (15163)5/28/1999 10:15:00 AM
From: fedhead  Read Replies (1) | Respond to of 99985
 
Priceline has a lot of patents in the ecommerce area. If those
patents are defensible PCLN might be able to grow into its
valuations.

Anindo