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


To: jjs_ynot who wrote (1509)12/12/1998 1:29:00 PM
From: John Sacz  Respond to of 99985
 
DJ30 bounced off of August hi's, the up sloping neckline of a potential H&S formation, and the 50 day MA. In addition if it closes on monday higher then friday's hi, it will complete a hammer formation--All bullish portents.

A close below friday's low will mean the 200 day MA is the next support area.

JS