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

To: Jerry Olson who wrote (47011)	4/17/2000 3:19:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

if we break thru 1392.50 futures we'll explode... watching the bulls and bears right there.. sellers are there tho... OJ: There's always two edges on the sword blade... : > We'd need to see a close above 1392, and then a test of that area to satisfy the short termers... We need to see a close and successful test of 1489 for a resumption of the intermediate term uptrend... Jim

To: Jerry Olson who wrote (47011)	4/17/2000 3:38:00 PM
From: Tunica Albuginea	Respond to of 99985

Options Jerry, I think market started turning at 1510-1515. I decided to go long because in spite of the ugliness of last week the market today didn't do too bad and held from Fri. Also most of the bad news and tax and margin selling is done. We are probably still in " irrational exuberance " mode , IMHO. However we must not forget: If you can't lick 'em, join 'em cheers TA Message #47011 from Options Jerry at Apr 17 2000 2:59PM Jim if we break thru 1392.50 futures we'll explode... watching the bulls and bears right there.. sellers are there tho...