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

To: Haim R. Branisteanu who wrote (2653)	12/22/1998 7:34:00 PM
From: Debra Orlow	Respond to of 99985

Tuesday new highs/lows New Highs New Lows Advances Declines Unchanged NYSE 86 94 1252 1734 551 AMEX 7 31 215 342 198 NASDAQ 102 144 1805 2413 898

To: Haim R. Branisteanu who wrote (2653)	12/22/1998 7:53:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

INDEX UPDATE ========================= From yesterdays highs the DOW and NAZ has pulled back about 130 and 40(200 DOW points) points on a intraday basis, therefore the minimum requirements of the CLASS 1 SELL have been satisfied. Yesterday the NEW HIGHs jumped over 100, but today it reversed significantly with the NEW LOWs exceeding the NEW HIGHs slightly. The advance/decline also showed weakness. In light of the weak market internals, feel that there should still be some more downside, but not alot. I am still holding my position that for the last few days of this year the DOW will ZIG-ZAG within the STAIRSTEP, and basicly going nowhere. This XMAS rally may not have the momentum that many expected. The TRAN, XAL, RUT, BKX recently are still lagging the major indexes which is not a sign of strength, and for the DOW theorists - not a good sign from the TRAN. Seeya