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

To: bobby beara who wrote (39859)2/11/2000 7:27:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
BB, I am not sure but, if we gap down on Monday we rally after wards, if we start as usual or a slight rally the market may end lower. In a way this week reminds me of Oct 1987.

As to charts and trendlines, everyone and his brother sees those things and WS acts to block it. The issue is if the FED is taking back all the liquidity, or they are still pumping money.

I think due to lack of liquidity they sell the old stocks and by the hype.

BWDIK
Haim



To: bobby beara who wrote (39859)2/11/2000 8:15:00 PM
From: bearshark  Respond to of 99985
 
I noticed the INDU chart earlier. It sailed through the resistance in 1999 and the line from 1998.

Now, view this as I am viewing it. We are in the second of three intermediate legs down in the first of three legs down in a primary downtrend.

That would be awesome and clear out all the wild speculation.


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