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

To: Haim R. Branisteanu who wrote (25978)	9/15/1999 8:05:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Haim, we are in an area of support in several areas, i expect the bulls to try to bring em back alive tomorrow, but i would also point out the rising bearish wedge of the s&p financials off the october 98 bottom i pointed out in may and while the dow has made two higher highs the financials have made two lower highs from the coincident may peak. the s&p is making a triangle at the bottom of a boffo sell-off, reminds me of the the nutz triangle, and the nutz financials: netbank tbfc led the action down out of the triangle. there sure is a lot of bearishness, but when the market turns it will trap the bulls who are used to buying support and into the bearish sentiment. If the mcoscillator takes out the reaction low off the 8/25 high i would look out below. bb