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

To: Haim R. Branisteanu who wrote (2906)	12/27/1998 9:23:00 AM
From: Moominoid	Read Replies (1) \| Respond to of 99985

Here is my MDA: cres.anu.edu.au BWDIK Well this is what is behind my current thinking. The guess is that we are in a massive roughly broadening formation. This is appropriate for a mania.... 800 is also the peak at the beginning of 97. The surves are 13 day, 34 day and 34 week moving aves and Bollinger Bands. The colored arrows poitn to similar formations. The top would be roughly 1375 about 1 1/2 to 2 months from now. I initially drew in that point as a move up from the flag marked by black parallel lines equal to that preceding the flag. It turns out to be a similar points move from the first green arrow to the April 98 peak. Other statistics I use support this interpretation too. David