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


To: donald sew who wrote (5445)2/4/1999 10:57:00 PM
From: Challo Jeregy  Respond to of 99985
 
Donald, for the FWIW catagory -

Today's Wordon report (telechart)-

The Dow is trading in a very narrow range. If it closes below 9100, it will signal a full-scale intermediate correction that would - at the least - retrace a significant part of the rally dating back to October.

This 9100 support fits with your numbers and might be right in line with your stair-step analysis.

" . . . but a break of this STAIRSTEP implys a deep strong pullback."

Challo