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

To: bobby beara who wrote (57051)	7/22/2000 6:13:38 PM
From: UnBelievable	Read Replies (1) \| Respond to of 99985

Thanks - Now I Get It Do you expect a better buying opportunity after the election or too much clown punch means they just can't hold it till then?

To: bobby beara who wrote (57051)	7/22/2000 6:15:20 PM
From: Les H	Read Replies (2) \| Respond to of 99985

We could get a good trading low by mid-week. More follow-through on the selling and the new 20-day lows should be quite high by Tuesday or by mid-day Wednesday...800 to 1000 out of the 4100 stocks I sample. I suspect such a two-to-three day follow-through would also bring the proportion of buy signals in the general market up to 70-80 percent. The anomaly at present is that the S&P 100/500 is overbought since I now have a high proportion of sell signals in the large caps and those indices remain nearest 52-week highs.