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

To: donald sew who wrote (32699)	11/7/1999 8:06:00 PM
From: Benkea	Respond to of 99985

Don: It's all about liquidity. When will this last batch run out? There will also be $8 bil in new issues alone this week and I understand there is some similiar liquidity draining activity coming for the bond market this week as well. My guess would be that we just pullback to to retest the breakout. However, the level of bullishness would suggest a retest of the recent lows is not out of the question.

To: donald sew who wrote (32699)	11/7/1999 8:17:00 PM
From: John Madarasz	Respond to of 99985

Thanks Don... My mantra...TRIANGULATE... Message 11689559 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). Hope you and everyone else had a great weekend, and thanks again for your provocative thoughts. All the best, JM