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

To: Lee Lichterman III who wrote (18115)	6/22/1999 4:09:00 AM
From: nicewatch	Respond to of 99985

Hi Lee, The SPX is touching or about to touch most of your fork tines here. I take it you mean this chart.... geocities.com Do you expect them to hold or propell the index to the next higher set. I see this as a signal of the short term top Yes... if the market makes it up there, I would expect them to act as resistance. However, I think the short term top may well come in before then.... maybe today, tomorrow, I dunno. <g> There are some shorter term forks not shown, which are already at resistance. Although I am looking for a short term dip of some sort, I think it will be a buying opportunity, for the next move up... the most recent up fork holding, is paramount to that scenario happening, imo. FWIW, talk to you later Best Regards, Frank

To: Lee Lichterman III who wrote (18115)	6/22/1999 4:44:00 AM
From: Roebear	Respond to of 99985

Au contraire <g>, By the looks of the short interest, it has been open season on bears all year: marketgauge.com Meanwhile, members and specialist short interest, supposedly smart money, is at lows not seen since January and in the case of specialists thats Jan 98!: marketgauge.com FWIW, Roebear