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

To: HairBall who wrote (3431)	1/7/1999 3:30:00 PM
From: donald sew	Respond to of 99985

LG, Not posting much due limit on time. If this oscillation continues and really moves a little, I think that this stairstep may be in line. Right now there is about a 400 point range, but keep in mind that the stair-step in SEPT was about 600 points. Even thought the DOW was up so big yesterday I did not get a SELL signal, although the market did move into the short-term overbought region. There is still more upside room, but do not think there is a whole lot more for the short-term. Feel later this year we could see 10000, but feel we are nearing a mid-term top. Some positives for the market are the improvement in the market internals, especially the NEW HIGHs/LOWs, and the broadening of the market with the RUT and NYSE. Also the Transports are improving.