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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.58-0.3%Jan 7 4:00 PM EST

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To: HairBall who wrote (1)12/2/1998 10:12:00 PM
From: James Strauss   of 99985
 
LG, Don and All:

I think this is going to be one of the most informative threads for market direction on SI...

Don's Stair Step may be already happening... The McClellan Oscillator continues downward... The McClellan Summation Index has now turned down... Since this is an average it takes longer to react to market conditions... So, its direction is significant... Right now it's down... Also, New Lows continue to be above 40 and New Highs aren't moving in the 100 to 200 area... Lastly, S&P 500 MoneyFlow is negative... As such, I think we may have more downside ahead of us...

Jim
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