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

To: Crimson Ghost who wrote (40453)2/16/2000 4:28:00 PM
From: HairBall  Respond to of 99985
 
George S. Cole: the market now looks like a slot machine giving most players back a buck for every $2 taken so as to keep them in the game

That may turn out to be a great analogy...<g>

Regards,
LG



To: Crimson Ghost who wrote (40453)2/16/2000 5:33:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 99985
 
George-I too think the DJ will print below the 9976 support---if and when it does that, it will have broken a key "Gann Quarterly" support point-a feat not seen since 1980 (according to Jerry Favors)--at which point a lot more TA types will turn bearish longer term-we shall see


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