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

To: thebeach who wrote (1688)	12/14/1998 1:00:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 99985

Which index is at the bottom? Gersh

To: thebeach who wrote (1688)	12/14/1998 1:05:00 PM
From: John Pitera	Respond to of 99985

Beach,Their is definitely a bullish momentum divergence on the 60 and 30 minute Macd and the RSI's so it is very possible that the market would hold the 1150 spx level and the rally would kick in. What's the magnitude of the bull move you have in mind? I do notice that the Nasd is on its low and has broken down through 2000 this pressure might overwhelm the DJIA and SPX FWIW John

To: thebeach who wrote (1688)	12/14/1998 1:07:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

thebeach: Can you offer more details...which Index, move up steady to where? Is this a short-term pivot point or a return to the bull? And could you share some of the details of your analysis... Regards, LG

To: thebeach who wrote (1688)	12/14/1998 1:08:00 PM
From: Ditchdigger	Read Replies (3) \| Respond to of 99985

Just back from a few runs skiing.<g> (life is good) <I am calling a market bottom > I think Nasdaq -50 is certainly do-able today,IMO..I'm looking for selling to accelerate..DD