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

To: exeric2 who wrote (81003)	7/30/2001 6:38:00 PM
From: eichler	Respond to of 99985

hehehe...well...biased one way or the other....but never biased one way all the time.....ggg Interesting to note (but may mean nothing) is the pattern from last week...down Mon, Tues...then up 'till Friday. Could we get a re-run? This is key on the 60 minute... home.earthlink.net with stochastics halfway down to oversold, I would anticipate the selling to ease up around that 62% fib retrace..around 1974. 30 ema held up the decline today....(blue line) Interesting is that the daily chart stochastics keep staying (barely) positive during this consolidation... home.earthlink.net Tough really to say while the charts appear ambivalent, but I agree with Mish that something is going to give one way or the other sooner than later.... For now, I go with the falling wedge and Rydex data.... If wrong, I don't mind....as long as whatever I play behaves as anticipated ...LOL Best of Luck to you also! Regards, Eichler