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


To: pater tenebrarum who wrote (16073)6/5/1999 8:32:00 AM
From: Les H  Respond to of 99985
 
re: transportation

Didn't UAL give an earnings warning and a warning about declining load factors after close on Friday?

NWAC set to count votes today on flight attendant walkout.

re: software

There are a lot of stocks in the group that have been going up while the markets and MSFT correcting: CA, BMCS, CTXS, LGTO, VRTS, TMBS, INTU, ICPT, ADVS, etc. I believe ORCL reports earnings on the 16th.



To: pater tenebrarum who wrote (16073)6/5/1999 12:40:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
Heinz, i must admit the low volume is a concern to the bullish case however one of my favorite indicators has been selling off for 6 weeks and reversed up this week

decisionpoint.com

This is normal time span for the oscillator to be in a downtrend before reversing up and at the end of this downtrend we have seen some real capitulation selling in the net nutz and a scarey support break on Aol.

I think it is way to premature for people to think this is a rally to short on Monday. You got the SPX coming off very oversold RSI in the 20's and testing 1282 support and holding on numerous times. Like j juiceman sezs, the bears already had their quackeybits, time for the bulls for lunch bunch -g-

a shorting opportunity may show up by mid/late june when the bulls have orgied and then think about the fed taking away the spiked punch bowl -g-

bwdik