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

To: Arik T.G. who wrote (28841)	10/8/1999 3:51:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Arik, >>>> The Dow pulled back 80 points yesterday intraday. Isn't that complying with the minimal requirement for a Class Sell? <<<< Yes it fulfills the absolute minimum, but its really borderline so it could also be interpreted as a negated signal, which I will need to further research this weekend. If that is the case then that is even more bullish than a late signal or just a small response to a signal. If it is a negated signal, well the last time we had one the DOW ran from 10,100 to 11,000. My suspicion is that if we continue to run up on MONDAY, I would feel that it was a negated signal which implies that the market could explode to the upside. Im more inclined to just say it is a late response, which is already a short-term bullish hint. Also when I mentioned bullish, I also means in terms of SECTOR ROTATION BULLISH, not broad based, especially in light of the poor market internals, although there was a slight improvement in the NEW LOWs. seeya