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

To: j.o. who wrote (15274)5/28/1999 4:13:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
j.o.: Its called a John Q. Public feel good rally...and it has been going on for as long as I have been doing this....

Regards,
LG



To: j.o. who wrote (15274)5/28/1999 4:17:00 PM
From: Stephen  Read Replies (1) | Respond to of 99985
 
j.o. .... good point ... question is ... after the pop Tuesday ... who's going to short them .... hmmmmm ... there's a question to ponder over the weekend !!

Stephen



To: j.o. who wrote (15274)5/28/1999 4:39:00 PM
From: Robert Rose  Respond to of 99985
 
j.o: For a preholiday friday, the volume was decent: 652k NYSE and 684 NAZ. I believe it is more than window dressing - but bargain hunting by funds prior to the customary inet earnings runup. The inets did not sell off much in the last 15 minutes, suggesting that the intraday gains were not just daytrader-related. These facts lead me to become cautiously more bullish on the inets short and intermediate term. We shall see.

Have a good weekend folks. Rob


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