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

To: Debra Orlow who wrote (3280)	1/5/1999 11:07:00 AM
From: donald sew	Read Replies (3) \| Respond to of 99985

Debra, >>>>>>>> -> woke up with a neckache, can't move to the left. Made me snicker....whipsaw day again? <<<<<<<<< Reminds me of those STAIR-STEP days in Aug and SEPT. For the last 6 trading days in the DOW, we have oscillated between 9180-9350, approximately. I recheched the STAIR-STEP in SEPT, which was in a form of a rising flag or a wedge, and could it be possible that the DOW may be doing something similar. The STAIR-STEP in SEPT lasted about 20 trading days and the one in AUG lasted about 15. In both of the those STAIR-STEPs there was a surge at the end of the STAIR-STEP. Those STAIR-STEPs also had strong oscillations and some on intraday basis with strong reversal days as we had yesterday - YEP, WHIPSAW TIME. So, will we get that MID-TERM top during the week of JAN 18, as mentioned in my earlier index update. Seeya