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

To: dennis michael patterson who wrote (33431)	11/14/1999 11:45:00 PM
From: donald sew	Respond to of 99985

Hi, Although, the charts/technicals look bullish, the charts on CRUDE OIL also look very bullish. Per my short-term technicals CRUDE may be on the verge of a technical breakout to the upside. Right now it appears that it could approach 26.00, but if a technical breakout does occur, that would imply much higher prices near 30. If CRUDE is up both MON and TUE, then the technical breakout may occur. Crude should be watched carefully over the next few days, since if it does not start to pull back by WED, it may rocket like the NAZ. Technical breakouts are very hard to predict, but the environment for a technical breakout per my short-term technical is becoming prime. I realise that many are not paying attention to crude right now, but if it continues to head higher, such may have some effect on the bullishness in the equities market. seeya