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

To: Andeveron who wrote (27768)	9/28/1999 9:00:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Ande, of course all indicators are subjective, and like i've said here i believe that there will be an oversold area and bullish signal that fails and traps bulls creating more supply to sell as they are disapointed at the follow thru. Those hammers could indeed be a bottom, but they also (i'm looking at spx) could be HAMMERING OUT RESISTANCE and not support. This is really pretty ridiculous here, i see a lot of bulls thirsting to get in on a buying opportunity -g- after a dow theory sell signal, enhanced titanic sell, and several spx closes below the 200 dma and hardly any oex put volume, man i feel bearish -g- BWDIK