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

To: Stcgg who wrote (28960)	10/9/1999 10:30:00 PM
From: donald sew	Respond to of 99985

Stcgg, In addition to your wave analysis on the US DOLLAR/GOLD, and keeping it simple, the INTEREST RATES have produced a HIGHER LOW AND HIGHER HIGH. I still hear quite a few analysts calling for INTEREST RATEs to drop significantly, and they may be right but they dont say where nor do they say that it could head higher first. Just looking at the charts and keeping it simple, the INTEREST RATEs are currently in a short/mid-term uptrend. Im not saying that it cant reverse down hard but for the meantime it is in a clear uptrend. seeya

To: Stcgg who wrote (28960)	10/9/1999 10:46:00 PM
From: Stcgg	Respond to of 99985

Nasdaq Breadth Chart.. This is the clearest indication I have of portraying the extent of imbalance remaining in the equities market.. The Nasdaq Breadth was corrected during the October 98 correction, however there was absolutely no convergence of the A-D line in this index during the recent 10% adjustment period of late September 99.. decisionpoint.com The NYSE A-D chart gives an even more ominous display of non-correction in the index, whereby last October's correction failed to align this imbalance, and since then has become an even wider gap.. decisionpoint.com >><<