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

To: marginmike who wrote (50897)	5/16/2000 10:34:00 AM
From: HairBall	Respond to of 99985

marginmike: I have just plugged in temporally testing one computer. One of my computers came configured wrong...<ng> I will be unplugging again shortly, just wanted to test my connection and catch up on my MDD reading...<g> My technicals signaled a pivot point (reversal) on the 10th. This indeed has taken place and this rally has been significant and tradable. However, from my work I believe it is a bear market rally. Of course, trading the short-term rallies or declines allows one to be on the right side of a move if it turns out to be more than expected. I would become cautious with my current expectation if the SP Emini breaks above 1500 (especially 1544) or if the NAZ Emini breaks above 3900. My technicals are signaling we are close to at least a short-term pivot point! Regards, LG