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

To: bobby beara who wrote (4926)	1/30/1999 12:02:00 AM
From: John Pitera	Respond to of 99985

Bobby B, Yes the OEX and the SPX had small symmetrical triangles in formation and the SPX looks like it has poss. broken out to higher levels. We have 2 eclipses coming up one on Jan 31 at 12:17 PM EST and then it's follow up on Feb 16th @ 1:33 AM (est). Gann followers, and others will be watching these dates as market turning points. They can often be times of great market volatility, although it may show up in another market such as the currency or debt mkt. The past 2 years when we had the annular eclipses, Sept 1 and Sept 16 1997, and then Feb 26th and Mar 13th 1998 The market went up through the time of the eclipses and then tops occurred 3 weeks after the 2nd eclipse in 1997. and 5 weeks after the 2nd eclipse in 1998. If the cycle rhythm follows the past 2 years the market will rise for 7 weeks after Feb 16th and give us a top in the April 6th time frame. The Bradley siderograph is showing the high for the year as April 6th. 38.209.4.67 so there is some ammo that the Mkt may have some more upside. Peter Eliades has a whole basket of bearish data that he is coming out with today. More later. John