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Strategies & Market Trends : MDA - Market Direction Analysis

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To: pater tenebrarum who wrote (20824)	7/22/1999 7:15:00 PM
From: bobby beara	Read Replies (2) of 99985

>>>>something particularly exciting about a market that goes down for 'no good reason' <<< HB, you ghoul you -gggggg- since i've been honing my candelstick skills, i've noticed that last week the Deutschmark made a DOJI followed by a big white candle this week. This is usually a pretty clear reversal pattern, especially on a weekly after a very long move. I've also noticed big volume doji's near resistance on several market leading stocks, this is a sign of distribution. The tyx is either making a retest of the H&S breakout or in the process of failing the breakout, something to watch carefully, given that supposedly there is more yen carry trade in the flux. >>>>Les, i find it interesting that Rosen talks of a cycle LOW on july 27, while Favors says july 27 is a cycle HIGH. does anybody have an idea who's right? <<<< My favorite market timer Stan Harley was knocked off #1 timer this week, he has been whipsawed by the market turns since early April. He uses cycles extensively and has been deadly accurate since late 1997 and i believe this is hinting the cycle work is not accurate during this market cycle. bb

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