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

To: dennis michael patterson who wrote (21201)	7/27/1999 3:27:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Dennis, Well its not the perfect set-up, but we still have the possibiity of the 3-DAY pattern, if GREENSPAN and the economic reports on THURs dont kill it. So, today is DAY-1, and tomorrow should be flat(slightly up or down), and THUR(DAY-2), up strong again if permitted by the news. Im not guessing what GREENSPAN will say or the results of the economic reports, just that if the news is not bad we should see another up day, which could be possibly up strong. seeya

To: dennis michael patterson who wrote (21201)	7/27/1999 4:53:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

The moving average channel is moving sideways at this time. It would indicate an untrended market for the meantime. The lower band for the NDX is at 2209. The 50-day moving average at 2211. The 50% retracement of the June-July advance is around 2205. I had next overhead target at 2328 for the 10-day EMA and 2340 for the 21-day EMA. There was a big variance between the QQQ and the NDX. It appeared to have traded at almost 1-1 1/2 point premium to the net asset value. quote.yahoo.com