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

To: TheKelster who wrote (53793)	6/12/2000 7:05:00 PM
From: UnBelievable	Read Replies (1) \| Respond to of 99985

Does That Mean Lower Hemlines?

To: TheKelster who wrote (53793)	6/12/2000 7:05:00 PM
From: Les H	Respond to of 99985

All I Want for Christmas Is My Three Gaps Filled WHAT TO EXPECT NOW. June 12, 2000 Ord Oracle Timer Digest (203) 629-3503 has us ranked The Ord Oracle #3 in performance for 1999. The Candlestick pattern called the "Three Gap Play" that formed both on the September S&P's and the September NDX from the May 26 low, is having its effect on the market. This pattern suggest after the third gap (gap from the June 1 close to the June 2 open) the market is expected to reverse back down and fill all three gaps ending with the first gap near the 1400 area on the September S&P's and 3200 on the September NDX. The "5 day ARMS" on the NYSE closed today at 6.38, again above a bullish reading of "6.00". We are watching the market closely and the bullish reading on the "5 day ARMS" is contradicting the bearish "Three Gap Play". We took a look at the Nasdaq composite and it was breaking to new recent highs last week on lighter volume, which is a bearish sign. Today the Composite drew a bearish candlestick pattern called a "Bearish Engulfing Pattern". This pattern usually has a very high success ratio. Therefore if the Composite was topping out we concluded the S&P's would be dragged down with it. There are some time cycles for a low due mid next week. The September S&P's closed below the third upside gap today. This condition can lead to more downside action. The volume did decrease on the NYSE today which is a bullish minor sign. We are staying short the S&P cash index. Nasdaq Composite drew a bearish candlestick pattern called a "Bearish Engulfing" that engulfed the previous two days. This type of action increases the bearish signal strength. The Composite should head lower for short term. Our first upside target on the XAU is near the 70 level. We are still long this index. marketweb.com

To: TheKelster who wrote (53793)	6/12/2000 8:16:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 99985

The Kelster, so what you are saying then is that what we have is a positive negative outlook lol TA Message #53793 from TheKelster at Jun 12, 2000 6:42 PM ET You gotta love the spin-misters. "the youth-oriented clothing retailer, said on Monday it expects continued negative growth" They are still reporting "Growth". In this case it was negative growth. But what the hey, at least it's still growth. The upshot is we may be entering a new high growth period, negative high growth. Since growth is good for the market it should produce an increase in investor monies flowing to the market, a negative increase, but an increase nevertheless. I am going negative long. lol