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

To: Haim R. Branisteanu who wrote (23361)	8/18/1999 9:51:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Haim, while the price patterns are not exactly mimicking last year, i will remind that after last years drop into early august the Mcoscillator made a failed rally (intraday went above zero) off the oversold bottom then went kaboom into late August. Something to keep in mind here while the market sentiment has quickly switched back from bearish to very bullish again. I believe the internals and the volume indicate a lack of conviction behind this rally. bb