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

To: donald sew who wrote (16107)	6/5/1999 1:30:00 PM
From: vampire	Read Replies (1) \| Respond to of 99985

why would there be window dressing in the middle of a month?

To: donald sew who wrote (16107)	6/5/1999 1:39:00 PM
From: Jerry Olson	Respond to of 99985

Don... GE??? held support at 102...108 reverses the stock...UP...could lead the DOW higher... window dressing usually comes late...this was the fundies buying early and often... they have the cash<ggggg>.... cooking???? i like cooking???? only i like to watch someone else do it...hahahaha...

To: donald sew who wrote (16107)	6/5/1999 2:01:00 PM
From: donald sew	Respond to of 99985

Jerry, The TRENDLINE for GE is around 107 and until that is taken out significantly and sustained, sorry but its below the trendline. On the other hand the 102 support held, which is good but should not be considered bullish until the trendline is taken out, but you are always bullish so I can see why you are getting excited. ggggggggggggg GE is also forming a DESCENDING TRIANGLE as long as it stays below the trendline which is at 107 and above 102. Keep in mind that I do have a CLASS SELL signal, which I know doesnt mean anything to you since you only go by PnF. The timing of this signal is hinting that the trendline, now at 107, should hold. My sell signal does not say that 102 will not hold, since my sell signals are only good for the initial move of 1-3 points for a $50 stock, and for GE it is good for a 2-5 point move. Whether it moves more than the minimum requirement of my sell signals, I cant decide after the initial move starts, but then Im not as good as you guys at predicting. gggggggg seeya