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

To: donald sew who wrote (4465)1/21/1999 9:07:00 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 99985
 
Donald,your analysis is right but also try to compare the chart of broader indexes with the DJIA. I think that you may arrive at different conclusions.

The DJIA is to narrow to my taste.

Haim



To: donald sew who wrote (4465)1/21/1999 9:10:00 PM
From: Monty Lenard  Read Replies (1) | Respond to of 99985
 
Donald I might say that if I change the chart FROM semi log the DOW actually closed on TOP of the lower trend line. Now LG can tell us which to believe. :-)

Monty



To: donald sew who wrote (4465)1/22/1999 12:18:00 AM
From: brian z  Read Replies (1) | Respond to of 99985
 
If the Dow Jones Industrial average has trouble getting back over 9,400, we will have another correction. The market broke into record territory in the first week of January on strong volume, yet failed to hold the gain. This is not a bullish development. But NASDAQ maybe a different story although it due to a pull back.



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