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

To: Casaubon who wrote (21032)	7/24/1999 11:58:00 PM
From: Berney	Respond to of 99985

Thanks! Actually, it was an analysis to understand what went wrong. Until bb's OEX chart, I had a hard time understanding how OEX got to where it was in the first place. Therefore, I did not have the conviction to initiate Jim's USPIX concept and stayed comfortably in cash. Having missed the 3.5% Monday/Tuesday slide, I became bullish too soon. Talking to the charts, I became overly confident when the 38% retracement, which I computed at 708.5, seemed to hold on Wednesday and committed my Phleet. As BK Bill says, success will get you! <g> So, the analysis was done to play the game a little better. It looks like August is again going to be hot and humid. The volatility could get extreme. Berney