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

To: James Strauss who wrote (23365)	8/18/1999 9:52:00 PM
From: briskit	Read Replies (2) \| Respond to of 99985

James I agree it looks upward bound. If the 5 DMA can cross the 20 and we get through 1350 resistance we should be looking to test 1370 again. I wonder if this small interim resistance will prove difficult if the DOW and COMPX don't see their way through current resistance. One difference I see between May/June and now: we have just set a lower low (8/10 which also got below the 200 DMA). May/June had just set a higher low before making its big run up. Tomorrow will be interesting after the retreat at the end of today. All the indexes closing at their lows of the day after big runs may be normal rest taking. BWDIK Regards Mike