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

To: dennis michael patterson who wrote (58520)	8/28/2000 6:31:21 PM
From: Les H	Read Replies (1) \| Respond to of 99985

I guess all the cycle dudes are in agreement (not Mott the Hoople). Rich Mueller, who has a half-hour cycles/e-wave radio show here on Fridays, is looking for the intermediate-term high in several weeks then a severe decline. He was looking for a decline early this week.

To: dennis michael patterson who wrote (58520)	8/28/2000 6:36:47 PM
From: allen menglin chen	Read Replies (2) \| Respond to of 99985

The Paragon Traders' Update - August 27, 2000 The Ultra Compressed Market On Wednesday we issued a special alert warning of the potential for a major move in the market to begin shortly. If you believe at all in history then nothing has changed. The market continues to set compression pattern after compression pattern. We have not seen this type of pattern in a very long time. This complacency is also noted in the Volatility Index (VIX) as it closed at just above 19 on Friday. Many traders are dismissing the current environment and saying the market is just in a different phase. We belief this is the calm before the storm. As stated in our special alert we are not yet willing to commit to the direction of the move but are willing to say it will blow your doors off. If you must have a position on in the market consider buying at-the-money Sept or Oct straddles. With the VIX so low as the move begins volatility will be pumped into the options helping your position along with the directional move. Not only is the market compressed but also we are once again upon one of our critical dates as outlined in our Outlook 2000, issued in late December 1999. These critical dates have produced significant results this year with the most recent producing a nine-day 7.1% decline. The current environment is like having dynamite soaked with gasoline baking in sun. In rare cases the dynamite may not explode. However, we would be willing to bet it will, taking many careless traders out with the explosion. Be ready and prepared. A potential extreme profit time is nearing.