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

To: The Perfect Hedge who wrote (562)	12/5/1998 10:55:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Beeble: OT How is LA these days. I have not been back since I move out of Orange County in 93. The Foundation for the Study of Cycles was predicting at that time, that "earthquakes" would begin to diminish into the year 2000. Has that been the case? Still driving around in TEXAS with all my Earthquake emergency stuff in every vehicle I own AND my wife's company car...<g> After shipping three cars and a company car to TEXAS I finally gave one to my mom. I figured four vehicles for two people was a bit much. Of course, I will not let the wife sell my "get out of California in one piece just in case" LandCruiser! She said it was too expensive for a “get-a-way vehicle”. I told her that we needed dependability to sell her. I guess for my first truck it was a bit much...<g> When I was kid I always had to sell my parents to get something, now I have to sell my wife. Gee, some things never change...<g> Regards, LG

To: The Perfect Hedge who wrote (562)	12/6/1998 8:22:00 AM
From: donald sew	Read Replies (3) \| Respond to of 99985

Beeble, My SHORT-TERM READING on the SOX is at 84, which is in the overbought region but still has upside. With so much momentum, the SOX can still zoom up more while in the overbought region. I normally like to see some weakness in the SOX before initiating PUTs, such as a DOUBLE TOP. The problem with that is if the SOX is moving parobolicly, the likelihood is that there will not be a DOUBLE TOP but just a pinnacle into a selling stage. MU right now is a CLASS 2 SELL with a reading of 90, meaning it could still go up more but could turn now also at any time. NVLS, by the way only has a reading of 81. Seeya