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

To: Haim R. Branisteanu who wrote (42415)	3/6/2000 9:19:00 PM
From: Les H	Read Replies (2) \| Respond to of 99985

Those clowns said that high oil prices were bullish since they would slow down the economy and the Fed would not have to raise rates.

To: Haim R. Branisteanu who wrote (42415)	3/6/2000 9:29:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 99985

Haim, Re: grains The stocks associated with taking the commodity and turning it in to the next level of product are still hitting multi year lows. Just like the oils, oil going up and stocks going down...these commodities must be going to crash 6 months out. <ggg> Joan

To: Haim R. Branisteanu who wrote (42415)	3/6/2000 9:46:00 PM
From: Michael Watkins	Respond to of 99985

Daily bar / breadth look at the NYA and COMPX intelligentspeculator.com The NYSE NYA index is in an interesting place, bounded by multiple lines of resistance, it was hardly surprising that some selling took place today. Having run up to underneath the rising Oct 98 trendline; it also pierced the downtrend line Friday to the upside, and today retreated to virtually the trendline. So tomorrow ought to be interesting. With the volume curving down from resistance and new lows expanding, it seems like it would be a fait accompli for further downward move but hey, maybe the diabolical plan is for more up. The move back to rest on the downtrend line may well define support... I will close any non tech position longs if it continues down. intelligentspeculator.com The Nasdaq COMPX - little to report here (on the daily), although its notable that new lows appear to be expanding and total volume has generally been trending lower even as price moves higher. The new high activity is unusually large, stronger than at any time over the past year. Hard to say if its a climatic move or true support for much bigger advances (than just to 5000) but my gut still says climax. But still taking it a day at a time here.