Replies to post #10475 on MDA - Market Direction Analysis (MDA)

[augieboo]

Skier, I don't often look very far past the charts anymore, but given the apparent/purported funnymental problems with BRCD, I would wait and see whether this chart is merely bent or actually broken before I'd even start thinking about possible entry levels.

Here are a couple stories to ponder.

http://www.byteandswitch.com/document.asp?doc_id=43911

http://www.thestreet.com/_yahoo/tech/kcswanson/10127948.html

JMDO, etc.

(:

augie

p.s. If you want to trade techs with good funnymentals and (mostly) good charts, may I suggest you do what I do? Rip off wahz's picks. {ng}

[Ek]

skier31: i would be careful here. stock is still in a downtrend, starting with the 10/23/00 high. it recently bounced back from the FRL initiating on 10/23/00. before i can get bullish, it needs to break out of this downtrend.

alternatively, if this is the start of an up move that would (some day) break the downtrend, then right about here is a good place to initiate a long position, with a stop below 5.08, or 5.25, depending upon your risk tolerance. jmho.

ek