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

To: Arik T.G. who wrote (788)	12/7/1998 3:41:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

Arik: I have no dogmatic position. I am expecting a double top in the SPX before the Markets trend down. I am ready to enter the Market in total should this expectation prove wrong. My personal indicator for medium/long term is pointing up on most major Indices. My NYSE Adv/Dec Short-term Indicator gave a Buy Alert as of Friday's close. My short-term and short/medium term indicators are pointing down with slowing momentum as of Friday's close. Charting formations in general are mixed among the major Indices. My expectation is for the Market to move up into mid week, give or take a day and then trend lower. Time will tell... Regards, LG