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

To: el paradisio who wrote (57430)	7/31/2000 12:02:04 AM
From: Stcgg	Read Replies (2) \| Respond to of 99985

El - I Disagree With You .. We are in a bear market which has not been negated by Dow Theory.. The Naz had a clear 5 Wave impulse down from the 3/10 high of 5133 to the 5/24 low of 3043.. The rise from the 3043 lows were constructively corrective in nature, lacking volume and lacking a strong RSI.. The recent fall from Naz 4289 was again impulsive, indicating the trend of the market is still down.. We are seeing more crash stocks and multi-year lows in the Naz now, after it's corrective rise than we saw during the preceeding 5Wave decline.. Many technical indicators are worsening.. >><<