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

To: Crimson Ghost who wrote (50916)	5/16/2000 11:41:00 AM
From: Les H	Respond to of 99985

I'm getting close to a sell signal also. The breadth on the NYSE and Nasdaq being more in synch, rather than trading off against each other, is helping make the breadth indicators get overbought and signalling more imminent reversals. The reversals currently stand at 71 percent of the signals being short. The database usually tops out by 80 percent or more. (Last Wednesday, I was at 73 percent long) I would suspect in the next day or two at the latest, markets should pull back for a short-term of 3-5 days at least.