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

To: HairBall who wrote (20941)	7/23/1999 11:48:00 AM
From: investsformoney	Respond to of 99985

Action so far, The sentiment seems to be growing on the naz that the selloff yesterday was an overreaction. Two key times in a day are the open and around 11 am. We have strength and exhibition of leadership by the movers. Currently the bulls have started to give a good fight but the bears still have the upper hand. From a time standpoint First 15 minutes to the bulls. Next one hour to the bears. The following hour belongs to the bulls. From this theory the next hour should belong to the bears. The key will be the end of day action. The benefit of the doubt goes to the bulls from here on.