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

To: Vitas who wrote (5548)	2/5/1999 9:09:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Vitas, I forgot to mention that the summation (non-ratio) went negative today. When it went negative in june of last year we had the bailout of the yen. The indecision in the charts is waiting for such a negative anouncement to create a price low to go with the negative breadth thrust on the morning of the 13th. decisionpoint.com See the double hump after the late April sell-off, then a five wave decline into 6/15 (we are in the same period area of the 9 month cycle) If we follow a similar time frame, this correction should bottom in the first week of March and then re-top the first week of April. internals are crap, sentiment is ugly bullish, speculation is rampant - this market is about to see the contagion move up from South America. Gort is very upset -g- bb edit: bullish divergence in gold pw1.netcom.com waiting to see if it can take out downtrendline with some panache. strength in yen built on sand, check out gaps pw1.netcom.com