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


To: pater tenebrarum who wrote (44992)4/4/2000 6:29:00 PM
From: dennis michael patterson  Respond to of 99985
 
thanks very much heinz. as always, an intelligen, sober assessment. I shall now monitor the 'comeback" for signs of failure, and quietly exit some positions. At one point today, I saw the abyss.



To: pater tenebrarum who wrote (44992)4/5/2000 6:39:00 AM
From: Dave Shares  Read Replies (1) | Respond to of 99985
 
<<note that the dollar has held up very well so far>>

Heinz,

I haven't finished catching up with posts on this thread, but on my P&F charts, the June dollar index has given a sell signal and since I move trend lines like Chartcraft, I show a violation of the bullish support line.

Disclaimer: I went short on the dollar at 105.80 yesterday when it was holding up very well but the overall intraday market decline had begun, the chart has been looking to me like it is rolling over.

David