MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: pater tenebrarum who wrote (14555)	5/20/1999 9:50:00 PM
From: bearshark	Read Replies (1) of 99985

Heinz: Based on my rough calculations, I have a must hold at about 8700 in the INDU now. It is a moving resistance line. I have to do some charting and print it out to get an exact read. If that figure is ever broken--and it will be moving up--then I have confidence we have moved into a real bear market. Right now a nice 1000 point dip in the INDU would make me happy--as long as I am right about the timing and I do not have to adjust my schedule. I agree with you about any new high. I would be very excited about a puny new high. In a true bear market there is only hopelessness. Very few money managers, analysts, traders, investors, etc. of today know its pain.

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