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

To: bobby beara who wrote (54996)	6/22/2000 3:02:00 PM
From: HairBall	Respond to of 99985

bobby beara: The COMP (Dow Jones 65 Composite) broke below its triangle yesterday and has extended that break below today. It found current support at the low (also a lower trend line point for the triangle) on 5/30. There is room for a downward adjustment for that lower trend line, but for now the break is looking fairly bearish. Note: I have written this before several times...the COMP does not get the attention it deserves. As I mentioned to you at the time, the COMP was a leading indicator of the 98 decline... Regards, LG