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

To: bobby beara who wrote (21894)8/3/1999 1:02:00 PM
From: HairBall  Respond to of 99985
 
bobby beara: Check out the VGY (Value Line Geometric Index) five minute bars.

Regards,
LG



To: bobby beara who wrote (21894)8/3/1999 1:22:00 PM
From: John Pitera  Read Replies (1) | Respond to of 99985
 
an angled H&S pattern

yes but is it a right angle -g-

I'll vote for a return to the 200 dma on the ndx.

I think we can go below the 200 day level during Q3.

You know that the seasonality has been bullish for the last 2 days of the month and the first 4 days of the next month.

the fact that we have been declining in spite of the bullish seasonal tendencies indicates that the larger cycles are pointing hard down.

John


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