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

To: Gary Burton who wrote (54554)	6/18/2000 8:20:00 PM
From: Gary Burton	Read Replies (5) \| Respond to of 99985

Arch Crawford-June 16-"Market is fast approaching an important BUY!!--Rally could be explosive and quickly over mid-July"-----TRIN/ARMS now over 1.00 for 13 out of last 19 days-this has got to be near a record--5day reached 126& 10day to 116. The 21day ARMS is back up into Strong Intermediate Buy area---many of our technical indicators have formed a series of rising bottoms or higher lows,almost all of them as a matter of fact.This is highly unusual.Even if we get one more sharp decline, we will consider it a Buy Spike. There is a good chance we won't see ANY further downside. This is the 'strongest signal(least divergent-up or down) we have seen in many months!!!"----"FOMC on June 28 and 'Violent' Solar Eclipse on July 1 will confirm or reverse recent trends"----fwiw