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Strategies & Market Trends : MDA - Market Direction Analysis

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To: bobby beara who wrote (19359)	7/6/1999 10:53:00 PM
From: Vitas	Read Replies (1) of 99985

bobby, re: quintuple declining SUM, the pattern is a complex one, with a hangover, last seen in 1993 - 1994. The summo hit zero recently and is currently headed up. As long as it continues, it would then breakout of the declining trendline, ending the pattern. If it stalls...... The WEEKLY readings are: osc sum 6/4 14.79 65.58 6/11 1.62 67.20 6/18 14.49 81.69 6/25 1.67 83.36 7/2 24.34 107.70 These are the strongest weekly summo readings since the October bottom, and are above zero. I'm looking for a 2-3 day pullback, and if things haven't deteriorated significantly, more rally. Vitas

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