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

To: pater tenebrarum who wrote (23875)	8/26/1999 9:21:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Heinz, I have CLASS 1 SELL SIGNALs on most of the indices and major stocks, but I am not expecting a strong pullback. The market internals stink and their improvement have been anemic, but that does not mean that some sectors cant set NEW HIGHs. It just implies that money is moving into fewer sectors boosting them up at the expense of other sectors. If this pullback is weak, say only 200 DOW points, then such dip should be bought for another short-term upswing in the strong sectors only, since I doubt that the rally will be market wide. I have the next short-term top near SEPT 14, and whether it will be a HIGHER HIGH or LOWER HIGH, I am not confident to say. seeya

To: pater tenebrarum who wrote (23875)	8/26/1999 9:22:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

heinz: Well, there is a divergence when both the TYX and my OMC are in rising wedges. For me, this makes calling the Market moves very hard, as a struggle is going on. For both to resolve to the norm in unison the Market would have to move sharply down with a flight to bonds for safety. I suspect some of the rise in bonds (fall in rates) as of late has been investors parking funds in bonds waiting for the pullback everyone expects will happen, to have liquidity to buy on the pullback. This always makes me uncomfortable when I seem to be on the side of the majority. However, there is still room in the rising wedges for price expansion and rates could move back up into its rising wedge, until the crowd sentiment reverses. That may be the "best" play...<gg> Making money intraday has been much easier as of late...than calling the longer-term moves...give me those mo mo plays...<g> Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do not base any investment decision solely on anyone person's views or analysis. Do your own research and take responsibility for your investment decisions.