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

To: James F. Hopkins who wrote (31785)	10/28/1999 11:42:00 PM
From: John Madarasz	Read Replies (1) \| Respond to of 99985

Captain Jim... With a falling RSO in relation to the U.S Dollar Index here, wouldn't that say that the dollar could be showing weakness in relation to the equities market, hampering the bullish trend. decisionpoint.com Also, I like Don's idea that we may triangulate...The third senerio, is if the lows are not retested, such would form a higher low. Since a LOWER HIGH is likely, that would either imply that an uptrend is starting or that the market is startiing to TRIANGULATE. Triangles are commonly formed prior to important announcements. If a Triangle does form I would suspect that it would be due to the FOMC MEETING and the APEX would also probably target the FOMCE meeting also(11/16). Message 11689559 Best Regards, JM