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

To: The Perfect Hedge who wrote (3790)1/12/1999 11:24:00 PM
From: bobby beara  Respond to of 99985
 
B* I agree on the bearish engulfing, looks convincing.

But we also had that on 12/1.

It may take the third or fourth bearish engulfing to do the trik.

The action in the XAU blindsided me. I just don't know what to make of it. We could have another wave down to test the bottom trendline, I don't know.

This market is extremely volitile, look at the action in CMGI today.

Play at your own risk.

bb



To: The Perfect Hedge who wrote (3790)1/12/1999 11:46:00 PM
From: bobby beara  Read Replies (2) | Respond to of 99985
 
B* we should make another h&s pattern with the 9200 as the base, if this pattern fails we could go above 10,000.

The wall of worry will be climbed as we break each bearish pattern until the bulls are exhausted.

You must watch for these patterns to develop and strike like a cobra.

bb


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