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

To: James Strauss who wrote (49544)	5/6/2000 11:50:00 AM
From: eddie benson	Read Replies (1) \| Respond to of 99985

A lot of people fail to realize this is not the same market as was 2 months ago.We are in a bear market NOT a correction and most breakouts to the upside cannot be sustained.

To: James Strauss who wrote (49544)	5/6/2000 12:53:00 PM
From: el paradisio	Respond to of 99985

James,I can consider a short-mid term rally. As I mentioned before, a "new" IPO's has to give up some gains.If not,stagnation and trading range. Maybe a good rally before the election and after everything will be damped anyway. I am watching the Volume,the answer is there... AG will not go higher than 25 points,but market is thinking more ahead in my view. I agree,if we go above 3900 on Nasdaq,4250-4500 is not out of the question. SPX,NDX,OEX,NASDAQ and DOW,they balance perfect themselves in my system,a good sign. el