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

To: j g cordes who wrote (22581)	8/10/1999 9:30:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

j.g. cordes and all: The TYX closed yesterday right on a long-term descending resistance line, based on the closing high for 95 connected to the closing high for 97 and extend down and to the right. I expect this area to be major resistance. I look for this resistance line to at least initially repel rates. My OMC Index is in the oversold area on several indicators and the slow stochastic is hinting that a short-term consolidation pattern may be in the works. Regards, LG