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

To: RWS who wrote (6158)	2/11/1999 10:31:00 PM
From: bobby beara	Respond to of 99985

RWS, volume looks better than a/d, but volume is going into fewer issues, which could be short term bullish. We could have a blow-off top (and fulfill that inverted H&S pattern in the chart) in advancing volume in the few issues that are going up.. the dot index looks like it completed a five wave bull flag. Yahoo just barely pierced it's uptrendline yesterday and went wacko with everything else and closed on it's high today. follow thru in breadth and price should make short term bears run for the hills and we will get to the low 20's or teens in the bears over the next few weeks. bb