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


To: James Strauss who wrote (1048)12/9/1998 1:04:00 PM
From: donald sew  Respond to of 99985
 
James,

Dont get me wrong, Im looking for a 1 or 2 day pop, then down, then the 1st quarter rally to start, which should be late DEC/early JAN.

If the recent peak, around 8900, is not pierced to the upside, such would produce a significant LOWER HIGH, which would imply that there is a fair chance that the DOW would produce a LOWER LOW. The next lower strong support is in the 8750 range.

Seeya