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

To: Robert Rose who wrote (25223)	9/8/1999 1:47:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

The Market... $$$$$$$$$$$$$$$ A look at the S&P 500 30 minute chart shows the 5 day MA dipping below the 20 day MA... This is significant because the 30 minute chart represents about 10 days of market activity... siliconinvestor.com. On Tuesday only the 5 minute chart showed this 5/20 MA crossing... As this breakdown broadens out to the 60 minute and daily charts it confirms the strength of the breakdown... This is being precipitated by hawkish comments by one of the FED Governors speaking in Philadelphia today... When he saw the Liberty Bell he felt free to fly on interest hawk's wings... : > Jim