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

To: chartseer who wrote (81135)	8/2/2001 12:13:16 PM
From: eichler	Read Replies (1) \| Respond to of 99985

chartseer, Thought I'd pass on a truism the Chief mentioned on the Ask da Chief thread.... he said "buy the creep, sell the leap" That rings so true to my experience.....translation to me would be as long as the market is creeping up, it will continue until the blow-off leap indicating the move has spent it's ammunition. I am expecting a high between now and Tues (full moon Sat) so I'm thinking the "leap" should be coming up within the next couple trading sessions. Todays break of the downtrend line is quite positive in that it should convince more traders to go long if we can hold the gains into the close...(I think we will close positive). The series of higher highs and higher lows on the comp each day is quite positive as long as it continues.... Best Regards, Eichler