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

To: Lee Lichterman III who wrote (29167)	10/12/1999 3:52:00 PM
From: donald sew	Read Replies (3) \| Respond to of 99985

Lee, It is interesting to note that during the morning when the DOW was down less than 100, the NAZ was only down slightly and showing some strength. Well the NAZ is now down 45. Using the ratio of 4:1 to compare the DOW to the NAZ, the NAZ is down 180 DOW point, so it is catching up on the downside. I wonder how the PUT:CALL ratios doing today? The market internals are clearly worsening confirming the pullback, not like when the market was rallying and that such rally was not confirmed by the market internals. The 3-DAY PATTERN has a good chance of coming true, but as always it is never a certaintee. seeya