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

To: HairBall who wrote (40746)	2/19/2000 1:32:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

The Market... **************** LG: The break of the 10,400 support area by the Dow coupled with rising New Lows relative to New Highs on the NYSE and the resumption of the downtrend in the McClellan Summation Index hints at a test of Dow 9500 in the weeks to come... siliconinvestor.com A look at the monthly chart shows support in the 9500 area on the 40 month average... In late 1998 the steep correction stopped just above the 40 month MA... I'm looking for the same thing this time... GE, which has over a 95% correlation with the overall market, just dipped below its 40 week MA... siliconinvestor.com The last time this happened was in late 1998 when the overall market corrected... Any one or two day rallies will draw the lambs into the slaughter arena for another 5% to 10% of pain... I'm 90% in cash in my mutual funds right now... Jim

To: HairBall who wrote (40746)	2/19/2000 9:12:00 PM
From: HairBall	Respond to of 99985

I will be over at the old MDA Web Site getting use to the new Chat Room which includes voice and text. You can find the button on the left panel. This is a much better chat room than use to be on the old web site. You may need to click on "audio configuration" before you can use the chat room. After you configure you can just close the configuration window. Go on over, get set up and use to it, before we have a chat session in the near future. Be sure to go into options to change your name to your SI alias and turn on VoicePresense. NO MARKET TALK TONIGHT...just testing...<g> Charts to be updated later this weekend. homestead.com Regards, LG