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

To: HairBall who wrote (293)	12/4/1998 6:42:00 AM
From: j g cordes	Read Replies (2) \| Respond to of 99985

LG.. good morning. Odd timing last night that I had dinner with a legal beagle that does Brazilian IPOs with a broader territory of SAmerica. His take on their currency is that they should devalue, then again he's from Brazil (though educated at the best English schools). He also said the country, while struggling towards the light of fair capitalism, is full of corruption and those grafting the public dole so there's a built in half hearted search for reform. What I want to know about this thread is how many acutally trade the DOW or SP up and down. There's a lot of hot air between analysis and a good trade. Now here's dedication.. "HONG KONG (AP) - A brief power failure hit Hong Kong's business district early Friday, but traders kept buying and selling in their darkened dealing rooms. ''Our trading floor lost lights and air conditioning, but trading was uninterrupted,'' said Randy Gilmore, chief executive of the Hong Kong Futures Exchange." Jim

To: HairBall who wrote (293)	12/4/1998 7:14:00 AM
From: jjs_ynot	Read Replies (2) \| Respond to of 99985

congratulations on the new thread and staying at the top of the si hot list. obviously all this posting is a form of spamming to stay at the top of the hot list. i am going to complain to si admin. gggggggg

To: HairBall who wrote (293)	12/4/1998 1:21:00 PM
From: Death Sphincter	Read Replies (2) \| Respond to of 99985

LG..here's my take...E-Wave wise....we are in a corrective wave (how am i doing so far?) a mid sized ABC..........3 clear waves down from Nov. 27th, 'a' down 27th thru 30th morning, 'b' sideways thru midday 30th, 'c' down ends Dec. 1...this makes up the 'A' of the ABC after the low on Dec 1 the 'B' has been going....it looks like a triangle,flag, pennant... whatever you want to call it.... it should end in the 1170-1180 area.....the price movement will be between 1150-1170something...25-30 points then the 'C' wave down should take it down 25-30(approx. the point range of the triangle) below the bottom of the triangle (1150) then it will bounce back up for a run at the recent highs.... if the scenario plays out i will have an exact number for the max rise on the run at the 1192, once i see where it stops 1115-1125? because of preceeding wave action the move back up can be no more than 77 points guess we will see carl