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

To: donald sew who wrote (22554)	8/9/1999 9:02:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

WHAT TO EXPECT NOW. ORD ORACLE. The market has not completed a total buy signal yet. It appears at the moment the September S&P's is tracing out a sideways consolidation pattern that is about complete. Once this sideways pattern is complete the September S&P's may make an attempt to retest or break Thursday low of 1292.00. This retest or break to new resent lows should put the market in the bottoming process. There is still a possibility the market may form the third gap called an "Exhaustion Gap" that would complete the "Three Gap Play" that started form the July 19 top. If this potential third gap were the biggest of the three gaps (more than 15.00 S&P's points) it would imply the down is over. This potential third gap should appear this week and possibly Wednesday. And than the market would be expected to reverse and go back up and fill all the gaps ending with the first gap up near the 1420 area on the September S&P's. It is too soon to say if this third gap will appear, but if it does, be prepared for a potential strong rally to make an attempt to test the highs. >>>Les' note: Aug 11, 1998 was also the short-term trough >>>last year at 1054 on the SPX. Rallied till options >>>expiration before the baby kahuna.

To: donald sew who wrote (22554)	8/9/1999 11:10:00 PM
From: taLuis	Respond to of 99985

Donald, et al: I highly recommend you conduct your chats on an IRC Server. It's easy to do and with many more chat features than you currently have with the internet chat service provided at the MDA website. You will also be able to interact with thousands of other day traders in realtime. 2-5 second pings for 98% of the users. Here's how: 1. Install an IRC Client. I recommend mIRC. The latest version is mIRC 5.60. Download it from one of the following URLs and then install it. mircx.com or mirc.com 2. Linking to Othernet. Once your IRC client program has been installed, simply point to an othernet server. I typically use "Othernet: US, MS, Vicksburg". Once selected, just click: Connect to IRC server! A short scrolling notice from the server will then appear on your screen. You are now logged to IRC/Othernet. 3. Join a chat room. Type /JOIN #MDA in the typing entry line at the bottom of the mIRC screen. That's it. Other chatrooms you will want to JOIN are: /JOIN #DAYTRADERS /JOIN #ACTIVETRADER I will remain logged onto the #MDA chatroom in the Othernet server and assist anyone with further instructions once you have gotten that far. I will be there until 10:30 pm PST. Luis Castro