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

To: Haim R. Branisteanu who wrote (17379)	6/15/1999 10:43:00 AM
From: Les H	Read Replies (1) \| Respond to of 99985

I only get hardcopy of WSJ. WHAT TO EXPECT NOW. ORD ORACLE. June 14, 1999 Monday. The market appears to be setting up for a short-term bounce. Last Thursday a minus 943-downtick reading was recorded near the 1305 area on the September S&P's. Downtick readings exceeding minus 900 appear near short-term lows. This minus 943-downtick reading coincided with a bullish candlestick pattern called a "Hammer". This combination triggered a bullish sign. On Friday a minus 1120-downtick reading was recorded near the 1300 area which reinforces the bullish sign on Thursday. Today a minus 910-downtick reading was recorded near the 1306. However this bullish downtick reading did not coincide with a bullish candlestick pattern and therefore did not trigger a buy signal. The 1300 to 1306 level has produced three days of greater than minus 900 downtick which implies a support area at that level. This week is expiration week, and we have found a lot of the time, buy or sell signals develop on the Wednesday of expiration week. With that in mind, we are holding off any buy signals that develop until Wednesday. If a short-term buy signal develops, our first upside target would be the previous high near the 1350 area on the September S&P's.

To: Haim R. Branisteanu who wrote (17379)	6/15/1999 10:51:00 AM
From: Les H	Respond to of 99985

On June 29, FRONTLINE explores the global crisis that began as a real estate bust in Thailand and roared through the world's economy-from Bangkok to Jakarta to Moscow to Wall Street. On August 31, 1998, the Dow Jones industrial average plunged 512 points, wiping out stock market gains for the entire year. In the United States, small investors watched more than half a trillion dollars of their savings disappear. Fear spread that the global economy was falling apart. The program gathers some of the world's leading financial analysts to unravel the reasons for the crash of 1998 and to predict whether-and when-it will happen again.