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

To: Michael Watkins who wrote (41841)	3/1/2000 1:51:00 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

Michael, remember Kosovo war?? Plenty of sorties and manuevering oil barely moved (10% I think). SE Asia recovered little frosty in the NE US and Europe oil went up 50%. There are myths and there are facts. Electricity, cooling and heating takes a lot of energy. Hot summer - oil will go up. BWDIK Haim

To: Michael Watkins who wrote (41841)	3/1/2000 10:45:00 AM
From: shasta23	Respond to of 99985

Michael! If you consider Jan 2000 as a consolidation area on the NDX(or compx with different numbers)then the height of the consolidation was from 3315-3850=535(i consider the 3905 a spike since the spike low in feb confirm the 3850 number). So a target on the NDX would be in the vicinity of 4385 and we are almost there. BUT i have to confess that the power of the moves in the NAZ are really amazing. Try to see it unemotional but it still creeps in. And when you look at these charts of CMDX,RMBS,PUMA etc. i don't know what blow-off is in the market as a whole but these charts sure look like it. And the NAZ has a steeper trendline every week. There sure will be one of them broken sometimes. Stefan