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

To: el paradisio who wrote (54452)	6/16/2000 7:30:00 PM
From: el paradisio	Respond to of 99985

I left INDU in the morning unbroken and I found it broken... Now it's getting more serious,INDU is weak, much lower than 200 and 50 MA. NDX,OEX,NYA... are all above 200,50, 20 MA and holding. The thing is,that all that indexes have 200,50,20,10 lines almost together in one point. For INDU,a strong resistance,for other a strong support. If that support will be broken down on NDX,NYA and OEX on Monday...it would be almost impossible to recover it, because all that indexes will face the same strong resistance as INDU today. TRIN, VIX looks unrealistic,advance/decline is more bearish. I would look at US dollar and gold relation on Monday as the most true indicator. What is more interesting... Nasdaq was up,but new highs are 53 and new lows are 79. Very interesting indeed. The INDU...closing,the lowest of the day. siliconinvestor.com el