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

To: Smooth Drive who wrote (6377)	2/16/1999 6:17:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

INDEX UPDATE =========================== Per a previous update, it was mentioned that INTEREST RATES are in CLASS SELL territory and for the short-term should come down a little within its upward trend. Just heard on CNBC that the U.S.BOND is up(rates down) in EUROPE so far. Also the futures are up significantly(FV adjusted). With the short-term technicals for the overall market in the middle now, the market could get back to the overbought range in one day and into the CLASS SELL territory in 2-3 days. I will watching the market internals closely, and if there is no significant improvement there then this possible upswing should be an SELLING/HEDGING opportunity. So the BOUNCING BALL continues. Watch out for the WHIPSAW action, but that should not surprise anyone since the market has bee ZIG-ZAGGING now for 21 days. seeya