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

To: Vitas who wrote (17050)	6/13/1999 4:07:00 PM
From: GROUND ZERO™	Respond to of 99985

No problem... Simply, I'm going on the chart pattern that has been developing since last year in the SP cash... there are several tops at about 1280ish and it has since broken through to the upside. The market returned to test that level once, successfully, and has now returned to re-test that level..... I'm also very suspicious of a collapse in here, but I suspect that we'll more likely see some violent choppiness for a while then a resumption of the up trend. I'm not ignoring the negative a/d, believe me... it's a concern at this point, but I also suspect that the negative numbers will soon be worked off as it chops around for another week or two..... GZ