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

To: j.o. who wrote (17390)6/15/1999 11:08:00 AM
From: pater tenebrarum  Respond to of 99985
 
j.o., i posted yesterday that i thought a bounce was due in the nutz after the most recent sell-off; so i'm not suggesting it is a one-way street, there will be sharp rallies thrown into the mix from time to time. i called it a 'crash' because of the swiftness and depth of the decline. i agree with the wave count, another shorting opportunity will be set up by the corrective fourth wave.

regards,

hb



To: j.o. who wrote (17390)6/16/1999 7:42:00 AM
From: Arik T.G.  Read Replies (2) | Respond to of 99985
 
A sharp 2 usually produces a flat 4.
Don't count too much on the upside, though correction time is here.
Also broken supports (AOL) should provide resistance. Try selling with the trend in the first decline from resistance that held. That could be a good indicator of the beginning of 5.

ATG


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