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

To: TRINDY who wrote (1825)	12/15/1998 7:30:00 AM
From: dennis michael patterson	Respond to of 99985

Trindy. All the big technicians: Favors, Murphy and Acampora, called for prices into the 6000s.

To: TRINDY who wrote (1825)	12/16/1998 12:49:00 PM
From: TRINDY	Read Replies (1) \| Respond to of 99985

Market Signals I just was able to process by signals for yesterday. Signals remain negative on all major indexes including DOW, NYSE, S&P 500 and 100, NAZ, TRN, and U. Breadth indicators, based on NYSE A/D are also negative. While, negative, these signals do not indicate a major breakdown at this time, only continued weakness. Also, like LG's signals, mine only indicate direction, not magnitude of moves. So, I'm staying with my slightly negative opinion on the market at present, but recognize that impeachment could still play a role in the next few days and could be a drag on the market for some time if this goes to the Senate, as now expected. If Clinton gets off in the House, of course the market will rally somewhat. Basically, I find my signals concurring with Donald Sew's at present. Cheers!!