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

To: j.o. who wrote (20386)	7/18/1999 6:26:00 PM
From: HairBall	Respond to of 99985

j.o.: Long time no talk...<g> The first support line on my DOT chart is the centerline (light green line) of the long-term trading envelope. Then next would be the 50-day SMA (yellow line) and it is presently in the neighborhood of 600 and as you mentioned. 600 is also an area of previous price action that should offer additional support. Next support would be at the lower band of the long-term trading envelope (gray dotted line). My stuff does not project magnitude, just direction. But 600 looks like strong support. I have to sit down this evening and put together my BWDIK update. So, I will take another look at the chart in relation to my other charts at that time. If I see something else, I'll let you know. Regards, LG