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

To: Gersh Avery who wrote (55515)	6/27/2000 10:31:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Gersh: Did you notice the 2,175,300 share trade at 74.25 (at the bid) at the close on MRK....<g> I pay attention to big block trades...surfing through the time/sales data near the close for many of the Dow Jones 30 Industrials was revealing today! Regards, LG

To: Gersh Avery who wrote (55515)	6/27/2000 11:04:00 PM
From: NucTrader	Read Replies (3) \| Respond to of 99985

From Nirvana Systems - Signalwatch >>All of this evidence says that we may have just seen the start of the big bad break - the new wave down that completes the diamond pattern in the Dow and runs us down into major negative territory. The key word here is "may" You can see how many times we have travelled back and forth in the consolidation range. And, we could hit 10,400 and bounce right back again. But, the fact that all three indexes showed weakness today, moving back off key resistance, tells me that something more ominous may be afoot. Especially with the Dow, hitting the resistance level at 10,600 and then pushing down in a strong drop in the last hour of trading.<< Guess we'll know soon.....