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

To: Lee Lichterman III who wrote (21180)	7/27/1999 9:17:00 AM
From: dennis michael patterson	Read Replies (1) \| Respond to of 99985

Lee and HEINZ, I tried to post this message to Heinz, but the server wouldn't take it: Heinz, I am very intrigued by your remark about the bounce. Specifically, I would be interested in what you look at to determine magnitude: breadth; taking out resistance; movement in key stocks; volume, others? Thanks Heinz.

To: Lee Lichterman III who wrote (21180)	7/27/1999 10:13:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

>>>> One thing that concerns me about the bounce looking so strong in at least the context of the futures, is that there was no real bottom put in TA wise. Yesterday's volume was weak, the candle was a plain black one, no hammer, doji etc. <<<< Your concern has merit, but there were some technical signs although not great. The DOW had a SPINNING TOP. The NAZ had a significant GAP to the downside. You also had a second negative 1000 TICK within 3 days. Not great technicals signs of bottoming but there were a few. Could be better