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

To: Ditchdigger who wrote (1696)	12/14/1998 1:10:00 PM
From: thebeach	Read Replies (1) \| Respond to of 99985

This move down is a fake to attract more sellers.The traders are moving this well to the downside.See Ike's explanation on the Ideas Thread.

To: Ditchdigger who wrote (1696)	12/14/1998 1:17:00 PM
From: John Pitera	Respond to of 99985

Brazil is down almost 9% and Venezuela is down 4.3%, The military officer who became presidentof Ven. 2 weeks ago was threatening to nationalize industries and repudiate Govt' debt to other countries I could easily see a currency devaluation showing up in Venezuela even before one comes from Brazil, no wonder the financials are weak. Passing observations, John

To: Ditchdigger who wrote (1696)	12/14/1998 1:17:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

Ditchdigger: I think the Market as measured by the Dow Industrials is unlitmatley headed lower at least medium-term. However, it will not be straight down at least at this point. I believe we may well see a consolidating pattern in the IND/DJI and the NYA, while the NAZ and SPX play catch up. I still believe the IND/DJI needs to work a bit lower first by challenging a major support area or two. Then a retrace back to....well where is that Donald Sew when you need him...<g> Ok David Plonk/Carl Hittle/Arik...chip in if you will...DMA could use some of that EWave crystal ball stuff you guys are so good at...<g> Regards, LG