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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (16843)	6/11/1999 12:04:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

donald: The TYX is flirting with my first resistance area 6.08. First it came up and butted its head at 6.079 now its peeking out at 6.082. If the TYX shoots up above this one, the next primary resistance is a descending resistance line and would be in the neighborhood of 6.375 and falling. This one would be very strong resistance, but the Equities Market will likely have convulsions during the trip...<g> If 6.08 holds, the Market, that looks to be staging for a rally, will be given the green light. Fortunately there are clear trend lines to eye...Market action should reveal the trend soon. Regards, LG

To: donald sew who wrote (16843)	6/11/1999 12:12:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 99985

Donald... i agree...all the semis are at historical highs as is the SOX they have to pullback..i'll short 3-4 of them on the retrace down...some are parabolic...on my P&F charts.... in the face of next Wed & Thrus this market goes nowhere till then... the semis after they pullback, will be the leaders again on the way up...