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


To: Fun-da-Mental#1 who wrote (30654)10/19/1999 5:58:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Hi,

Take a look at the CANDLESTICKS on the SPX. Theres a 2 day combo of a HAMMER yesterday, and an INVERTED HAMMER today. I do not have statistical data on this combo, but do recall that it commonly precedes a short-term selling period.

As for the OSX, if it can hold the 65 range, it may be in the process of a double bottom of some sort.

seeya



To: Fun-da-Mental#1 who wrote (30654)10/19/1999 6:08:00 PM
From: Gottfried  Read Replies (1) | Respond to of 99985
 
Fun, re sector rotation - oil service: you have been away
long enough.<G> Some of these stocks have doubled since the
sector low in the first quarter. They just had another
correction. Crude price is staying up. Now further stock
price increases depend on more oil company E&P spending.

Some OS stocks I follow...
siliconinvestor.com

G.



To: Fun-da-Mental#1 who wrote (30654)10/19/1999 8:21:00 PM
From: Dave Shares  Respond to of 99985
 
I have been watching the P&F charts for OSX.
While support was broken a couple of weeks ago, a print
of 71 on the OSX would reverse the chart to Xs and set
a higher bottom in place, albeit below the bearish resistance line.
I like this kind of chart pattern myself, although you could be right that a basing period may follow before another move upwards.

David