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

To: Les H who wrote (55452)	6/27/2000 12:35:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Dow Jones Utilities testing critical support at 314 quote.yahoo.com^DJU&d=t down 10 points since the Merrill Utility HOLDRs (UTH) started trading on Friday.

To: Les H who wrote (55452)	6/27/2000 12:45:00 PM
From: Tunica Albuginea	Respond to of 99985

OTLes agreed, " The next positive pattern would be the end of month and the holiday pattern ". However, once burned twice shy. Day Traders are still applying Silvadene cream to their burns and doubt they are ready to come out in the sunshine yet. Besides all these patterns where good for fun and games season when champagne was flowing when AMZN went up 400 points a week. The party crowd doesn't really believe it's party time yet, IMHO TA Message #55452 from Les Horowitz at Jun 27, 2000 12:04 PM ET Most expected a rally on the PPI and CPI reports also. They even ramped up into those reports. The public has caught onto to those patterns, and they may not work this time either in the form of a rally off of the Fed. The next positive pattern would be the end of month and the holiday pattern