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

To: donald sew who wrote (725)	12/7/1998 9:39:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 99985

The Tape... Excellent analysis Don... I'm focusing strictly on price and volume movement and A/D when I talk about the tape... Setting aside the growing New Lows > 40 and New Highs < 100, upside volume is very positive on the upward price moves... As long as this keeps up and the tape ignores international worries and inflationary concerns I be on board this train for now... Jim

To: donald sew who wrote (725)	12/7/1998 10:22:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

donald: Looking at the Dow Industrials' Actual Intraday 30 Minute Interval Semi-Log Chart, the Bearish Pennant (looks more like a rising wedge at this point) is continuing. I see the DJI rising to the 9100 as possible/probable, but I am not so sure of the 9200 area. I believe the Market may well turn down before that mark is reached. So far the upper ascending trend line of the pennant/rising wedge is containing the advances. Of course, these consolidation formations can resolve at any point! Your thoughts... Chart formations are not 100%. (All Disclaimers Apply) BWDIK Regards, LG