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

To: Matthew L. Jones who wrote (26094)	9/16/1999 4:22:00 PM
From: DO$Kapital	Respond to of 99985

Yes, I have noticed...now someone go tell Louis Rukheyser.

To: Matthew L. Jones who wrote (26094)	9/16/1999 4:27:00 PM
From: Benkea	Respond to of 99985

Matt: I think we are getting near short-term bounce territory: finance.yahoo.com^VIX

To: Matthew L. Jones who wrote (26094)	9/16/1999 4:33:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

Matt I anticipated a bounce today which barely materialized IMHO. Still we may bounce tomorrow or they will force a "gap up" at open to recover what they can on OEX options. We shall see. BWDIK Haim BTW SPX is not on the 200 ma yet. 200 ma is around 1298 SPX by my calculations.

To: Matthew L. Jones who wrote (26094)	9/16/1999 4:40:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Matt, i agree with you that bearish sentiment is getting a bit excessive. that may lead to a rally pretty soon, however i'd expect that rally to be even narrower than it's recent predecessors. if you look at how weak the a/d line was during the rally off the August lows and how the market internals in general continued to deteriorate, that makes it hard not to be concerned. at some point the current group of market darlings will run into trouble - it's the common fate of narrow markets. in the short term i'd be surprised if we didn't get a bounce...another stay of execution so to speak. regards, hb

To: Matthew L. Jones who wrote (26094)	9/16/1999 4:50:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 99985

Matt, it's been down 5 straight days, not 6. Perhaps that's why your "odds" figuring is still correct. Tomorrow would be the 6th day.

To: Matthew L. Jones who wrote (26094)	9/16/1999 4:53:00 PM
From: RealMuLan	Respond to of 99985

<<Has anyone noticed that the DOW closed down for the 6th straight day! >> Sept. 13 Dow was up more than 2 points, so today is the only 3rd day straight down, FWIW. chart.yahoo.com

To: Matthew L. Jones who wrote (26094)	9/16/1999 5:02:00 PM
From: Terry Whitman	Read Replies (4) \| Respond to of 99985

> I'd be willing to bet that just about anything goes up tomorrow!< I wouldn't make that bet with my money. Only 1 out of 4 went up today. quote.yahoo.com If you haven't noticed, the A/D line is very sick. New 2 yr. lows in it today I believe. New lows expanded as well. My bet would be that even in a rally, only 1/2 will go up. They will probably rally the indices into expiry though. It is a wall st. mandate I think. <g>