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Strategies & Market Trends : MDA - Market Direction Analysis

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To: donald sew who wrote (6305)	2/14/1999 1:09:00 PM
From: Barbara Barry	of 99985

Don, As always, I appreciate your posts. That little harami might just be the "shot over the bow".I saw a similar one on a weekly chart in Oct '97. Now I am not calling for that kind of crash in the weeks to come simply because all these "crashes" lately have calloused the average investor and excited the dipsters.But technically the patterns are ominous..imho...We have tried too many times to get past 9400.This trading range shouldn't last forever.I think we bust out one way or another and fundementals and TA favors more downside risk.So I am with you and hope to get some March puts after expiry.I remember the days when you could hold a position for several days and make decent $$! :( Nowadays it's just one day at a time and hope for smaller gains.BWDIK Another "nasty" is the drop in the bellweathers and no sure signal of a strong rotation.The Russell is a mess.This market looks pretty aimless right now. Sitting on the sidelines for the next week except for a couple of stocks. Regards, Barbara

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