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


To: HiSpeed who wrote (1275)12/10/1998 10:04:00 PM
From: bobby beara  Respond to of 99985
 
Speed, the dow triangle break points to 8630 which is fibo support, I would wait for that point to buy the dip.

Several other indexes have just started their corrections, so don't be a bull in a china shop -g-

rut made a nasty break off a bearish rising wedge as did the trans.

bb



To: HiSpeed who wrote (1275)12/11/1998 7:46:00 AM
From: Debra Orlow  Respond to of 99985
 
HiSpeed, the dump last Thursday pm was followed by a strong opening.
Nasdaq closed Thursday 1954, opened Friday 1984. Not saying that this will happen today, altho I do agree with SE in that the macd is showing SHORT-TERM bullish divergences here. I am just playing for a pop, went long a few things at close, but if nothing happens fast, I'm outta there.

We should all end our posts with....
BWDIK <g>