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

To: LaVerne E. Olney who wrote (34265)	11/26/1999 5:41:00 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 99985

He's right about the financials. Although the rate of descent slowed considerably today. The bond has to stop going up. It's probably nothing more complicated than that. But whatever the case, Shobin says that if the NYSE financial index closes below 500, we're in trouble. GE lost a little more today as well. None of this is good. Cycle top on 2 Dec

To: LaVerne E. Olney who wrote (34265)	11/26/1999 7:39:00 PM
From: bobby beara	Respond to of 99985

>>>as many have been expecting the euro to finally emerge as a strong currency. It is now making new lows since its introduction the first of this year. It had tried to bounce from the previous July 12, 1999 low, but today's action has brought it back to new lows. There we go again, another bounce turns into a bust.<<< Laverne, the euro is very oversold and the deutschmarke looks like it has five waves down from 1994. Watch the euro to see if tries to reverse here. timely.com vix bands flattened today as some caution entered the market on the end of day sell-off. oil, boe auction, commodities, rates, yen and euro will be the ones to watch, another p/c ratio today in the low 40's. bb