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

To: Stephen M. DeMoss who wrote (66565)	1/11/2001 12:03:32 PM
From: el paradisio	Respond to of 99985

If only BTK will break the resistance at 550...the rally will continue,or we may get some sector rotation and consolidation for a few days. Nasdaq is approaching an overbought stage... Regards, el

To: Stephen M. DeMoss who wrote (66565)	1/11/2001 12:08:31 PM
From: HairBall	Read Replies (3) \| Respond to of 99985

Stephen M. DeMoss: I am still expecting a pullback today, although with the understanding that the resistance lines of the NAZ Indice wedges may prove to be support now! If these formation negations hold serve, as stated several times yesterday, this will obviously be bullish and add support to the trend change call. I have mixed expectations regarding these breaks. While I did not get a firm signal that the wedge resistance lines would hold (I always like it best when all my intraday technicals line up), I felt fairly sure we would get a pull back starting today. Hey, I've been wrong before. Regards, LG PS: SI is back to being very slow today.