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

To: HairBall who wrote (32765)	11/8/1999 10:26:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Larry, >>>> Since 10/18 was pretty much a pivot point and that is only about a week shy of a month ago, would you one provide your basis for the above opinion and two let us know what your time frame for "intermediate" is? <<<< Intermediate is 30 days, which I have stated in the past. My short-term is 1-5 days and intermediate is within 30 days. While most incorporate their TA with FUNDAMENTALs/NEWs, my approach is to try to keep them seperated as much as possible. I think I achieve that by saying that if the news is strong enough it can override the technicals. For the intermediate term the technicals still look like it is up. Of course if Greenspan comes out with a decision that is far worse than expected by the street, the trend could change on the dime. Market internals, although not great have improved. Although I consider the NEW HIGHS/LOWs to now be in LIMBO-LAND, that is still a significant improvment compared to when the NEW LOWs were at 300. I have also indicated that I feel that the trading range trend is still holding, so the intermediate uptrend is within the larger TRADING RANGE TREND. I would not consider the TRADING RANGE TREND to be broken untill the it is broken to the DOWNSIDE or UPSIDE, and for now the parameters are 10000-13000. As for a buying opportunity, I am talking from a perspective of trading. seeya