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

To: Les H who wrote (44208)	3/27/2000 4:53:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

LOL!

To: Les H who wrote (44208)	3/27/2000 5:28:00 PM
From: Fun-da-Mental#1	Read Replies (4) \| Respond to of 99985

If patterns repeat, then oex looks good: 207.61.23.98 comp looks bad: 207.61.23.98 But I don't expect an exact repeat, that would be too neat. I find it hard to believe the OEX can make another drive up from here, but I'm a chronic pessimist about the market leaders. Fun-da-Mental

To: Les H who wrote (44208)	3/27/2000 6:48:00 PM
From: Les H	Respond to of 99985

WHAT TO EXPECT NOW. March 27, 2000. ORD. Both the Naz and NYSE volume dropped off from last Wednesday high going into last Friday high. To keep the market in a bullish trend the volume should increase at every new high. Both on the Naz and NYSE made higher highs on Thursday and Friday on decreasing volume. This condition warns that a short-term correction or consolidation may be in development. On Friday, the Naz did draw a resemblance of a bearish Candlestick pattern called a "Rickshaw Man" but the body of the pattern was a little to large to qualify the pattern. The June S&P's did not draw a bearish pattern but several indicators are over bought on that index for the short term. Normally at tops, candlestick charting will draw a clear pattern to identify the event. So far that has not happen. For short term it appear both the Naz and the S&P's has run into resistance and should stall for the short term. If candlestick charting does draw a clear bearish signal on either index we may establish a short position. For now the only thing we can say is both markets are up against resistance. On the sidelines on both the Naz and S&P's.