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

To: bobby beara who wrote (53903)	6/13/2000 5:01:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

bobby: "are we at it again, 55 fib days from the low is 7/17 -ggg-" Thread volume moving average would certainly confirm that :-)

To: bobby beara who wrote (53903)	6/13/2000 5:07:00 PM
From: Haim R. Branisteanu	Respond to of 99985

BB there is so much rotation in this market that it really does not mater were the market is moving, just be on the right side. This is mostly a result of dynamic portfolio hedging which is mostly a computerized phenomen with little human intervention. See AA, CAT, DD, ect. they were up yesterday down today. MRK, PFE, BMY,LLY ect. mirror image HWP down hard A up 3 points, as is ADBE, INTC, TXN, MU, CSCO and the like. There is a lot of pair trading going on, and you must be on the right side of the move. That was my point earlier to another poster on this tread. BWDIK Haim

To: bobby beara who wrote (53903)	6/13/2000 5:08:00 PM
From: Les H	Respond to of 99985

Crude Oil Futures markets.tradingtech.com

To: bobby beara who wrote (53903)	6/13/2000 6:44:00 PM
From: HairBall	Read Replies (3) \| Respond to of 99985

bobby beara: It looks like the bullish flags are going to rule the day. Let's see if the rallies follow through tomorrow. Futures are suggesting they should, at least as I type...<g> A move above 3982 on the NAZ will provide a higher high and remove lower highs from the decline's ammo box...<g> A move above 662/3 for the NYA will continue the higher top process and be very near a new all time high. A move above 1482/3 for the SPX would render a higher high as well. All within striking distance...<g> I think we should keep an eye on Russell's Dow 10740.9 median line as well. (At least 10740.9 is my 50% figure.) Of course, Greenspan's speech today (hinting no rate hike)...did not have anything to do with the rally...<g> I still need to down load my end of day stuff and take a good look at my intraday stuff as well. Regards, LG