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

To: el paradisio who wrote (56690)	7/17/2000 12:38:49 PM
From: Chris	Respond to of 99985

not bad.. will keep an eye.. thxs again.

To: el paradisio who wrote (56690)	7/17/2000 12:40:37 PM
From: Les H	Read Replies (2) \| Respond to of 99985

I think you have room up to the 4335-4350 area. Three trendlines converge there: 1) 61.8% retracement of decline from March to May 2) horizontal support-resistance line connecting peaks of January 2000 and lows of February 2000 3) resistance line connecting recent peaks for May 16, June 6, and June 22 peaks There are also two alternatives for this leg: 1) using base low of 3695, move to 4335-4350 is 61.8% of first leg from 3042 to 4073. 2) using the last base low of 3763, move to 4275 is 50.0% of first leg from 3042 to 4073.