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

To: Crimson Ghost who wrote (61001)	10/19/2000 6:21:29 PM
From: HairBall	Respond to of 99985

George S. Cole: Frankly I don't know. My intraday technicals are shorter and medium-term in overbought. My longer-term intraday technicals are in mid range. The daily technicals are still in the deep oversold area. The intraday chart reveals a two-day bearish rising consolidation pattern with the current apex tomorrow. The minimum expectation is for a retrace of at least a portion of the pattern and the maximum expectation would be a continuation of the trend from which the pattern began, which would be down. Of course, the other possibility is the pattern is negated. I think a substantial break above the Sept 1st falling support line will do it, not just a breach. I'll just have to watch it play out real time tomorrow and make decisions on the fly, as usual. <g> Regards, LG