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

To: pater tenebrarum who wrote (34402)	11/29/1999 7:34:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

When did the Dow Jones Utility index last fall in 15 out of 18 sessions? investech.com

To: pater tenebrarum who wrote (34402)	11/29/1999 8:21:00 PM
From: StockOperator	Read Replies (2) \| Respond to of 99985

Heinz, I couldn't agree with you more. My analysis is simply a observation that the trends are established, and IF these avgs are going to break through the brick walls that are sitting in front of them, they are going to have to do so INSPITE of the rise in rates. Of course, as of yet it is still too early to say how things are going to play out. I just see very little room for slippage. Any significant break in price, even short term would weigh heavily in my thinking, besides a continuation in the breakdown for the transports. I will be keeping a close eye on how the next week or so plays out. I think it's wise to let the market prove one way or the other which way it wants to go. Regards, SO