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

To: HairBall who wrote (22054)	8/4/1999 3:10:00 PM
From: bearshark	Read Replies (1) \| Respond to of 99985

LG: This market should tank. But let's see. We are headed for 770 million NYSE day. If there are buyers out there, they are going to have to overcome several waves of selling in the last hour. It is almost like p______ in the wind.

To: HairBall who wrote (22054)	8/4/1999 3:14:00 PM
From: bearshark	Respond to of 99985

LG: If there is a turn, it will start after 3:30 EDT. However, there was a wave of selling that it did not handle well. Anything over 825 NYSE million shares today is positive. This is a little tug-of-war coupled with hide-and-seek.

To: HairBall who wrote (22054)	8/4/1999 3:24:00 PM
From: scotty	Read Replies (1) \| Respond to of 99985

LG....< commercial > LOL, I think that first aired at the internet top. Looking like a perfect set up for a Thursday- Friday- Monday kahuna... The new bond auction format could result in higher rates. Also, investors that have decided to sell due to Y2K concerns may sell now....scotty

To: HairBall who wrote (22054)	8/4/1999 3:35:00 PM
From: John Madarasz	Read Replies (1) \| Respond to of 99985

LG Is it your contention that the highs for the year have been put in? With some middling economic data this week and a struggling market into the FED meeting on the 24th, wouldn't the FED be inclined to leave rates unchanged?...and if so, could this lead us into a final push to new highs. I still see the COMPX going to 2300 or less and the INDU testing 10,000 before the year is out...but the question is...have the highs been put in? I'm not so sure, and I apologize that I can't base my uncertainty on any tangible analysis other than a possible concerted push from sidelined institutional funds waiting for J6P to finish himself off in a trampling rush for the exits. Does the big money want the last big run all for itself?...or are all the big runs over for a while??? Best Regards, John