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

To: pater tenebrarum who wrote (32232)	11/4/1999 12:59:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Heinz, Although the NEW HIGHs are out numbering the NEW LOWs slightly, both of them are in limbo land. Its a common rule that it becomes a bit more bullish, not full fledge bullish, if the NEW LOWs drop below 40. Right now its at 61. After watching the NEW LOWS/HIGHS for about 3 years, I feel that: 1) FULL FLEDGE BULL TREND = NEW LOWS below 40 and NEW HIGHS above 200 2) BECOMING BULLISH = NEW LOWS below 40 and NEW HIGHS above 100 3) BECOMING BEARISH = NEW HIGHS below 40 and NEW LOWs above 200 Right now with the NEW HIGHS at 80 and NEW LOWs at 60, I feel that there is no real direction, which supports my belief of a trading range. Since the NEW LOWS/HIGHs are lagging at times, Im talking about maintain the above levels not 1 day occurances. seeya

To: pater tenebrarum who wrote (32232)	11/4/1999 1:03:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 99985

heinz, but doesn't the US President appoint the Fed Chairman?

To: pater tenebrarum who wrote (32232)	11/4/1999 2:40:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Heinz, I am not to familiar with the FED nomination, even that some of their board members are political nominees - e.g as such they serve the interest of the ruling administration in this case pump the market up, to re-elect the democratic party to power. As to the regional FED's Governors, I think it has to do with the local banking system but again I am not sure. In any way the guy from Texas is a disaster Texas style <GGG> I think Schnauze was very right to bad he is out of the power circle. BWDIK Haim