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

To: TheKelster who wrote (45810)	4/12/2000 7:42:00 PM
From: Jack of All Trades	Respond to of 99985

I think the right shoulder needs to develop for a little while longer. I think the "capital gains" selling may be a little early this year... Now it is time to pay Uncle Sam and the market is going down maybe some nervousness. Looking over the VIX I see when we have close above 30 we usually reverse with possibility of a gap down then closed. The NDX has a small 40 pt gap to fill :>>)

To: TheKelster who wrote (45810)	4/12/2000 7:50:00 PM
From: el paradisio	Read Replies (1) \| Respond to of 99985

TheKelster,everything is correct,like you've wrote. I am only suggesting a short term bounce which is not a long term buying nor shorting opportunity. I am only expecting a short term bottom from which the further direction should come. I can see all the gaps, channels, supports . Issue is tomorrow or a very short time, I refer to. In my view,we should stop at this level for a while. This is ,how I understand my short term bottom.