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

To: MonsieurGonzo who wrote (32163)	11/3/1999 3:17:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Steve, The DOW and SPX are still below last FRIDAY's highs, as the NAZ is still moving up. My short-term analysis is showing a hint of a technical breakout(not price breakout), which means that it could continue to skyrocket. However it also appears that if the NAZ does continue up then it would probably be at the expense of the DOW/SPX. Something like what happened to the DOW in April when it ran from 10100 to 11000+ while the NAZ corrected about 10%. Looks like the DRG may be forming a BEARISH WEDGE. Seeya