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

To: StockOperator who wrote (55611)	6/28/2000 10:36:00 PM
From: StockOperator	Respond to of 99985

This market is going higher. The overall pattern on the NAZ is pointing higher and although I do not believe the Month of July is going to be a runaway month, I think this index will churn its way upward. The Dow as we speak is attempting to break the triangle part of this pattern. The one thing to keep in mind it's an expanding formation. A successful breakout here will only buy this index some time before it runs into an even bigger barrier. That of course may be months down the road. In the short term this triangle is the pattern to watch. Also, check out the chart for NERX. It is in a "do or die" situation. This stock will either breakup or down in the Month of July. Pay close attention to volume on up and down days for clues as to which direction. Good trading. SO