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

To: Michael Watkins who wrote (48607)	4/29/2000 5:08:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

Michael thanks so much for the charts.. this is THE MOST SCYZOIDmarket i've ever seen..anywhere anytime... talk about whippsaws????..more like wind shears!!!<VBG>... 2 months ago, the distance between the DOW and NAZ was eons apart..that corrected...now we are moving away from each other all over again... if the NAZ breaks 3900, this would be a new buy signal on P&F and only just the START a BULLISH TRIANGLE PATTERN... this thing could have legs for 1-2 weeks into the FOMC...the markets already discounted 2, .25 point rate hikes now...hence maybe we see a bit more stability just ahead....earnings have been great, which is helping here.. also, after the ECI???, we rallied off that tank??? amazing...everyone thought the end of the earth was coming..including ME!!!!.... i waited for a follow thru, and dove in late Fri..heavy... so i guess we'll see huh??? man what a week... regards and thanks OJ....