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

To: Lee Lichterman III who wrote (6555)	2/17/1999 4:51:00 PM
From: donald sew	Read Replies (3) \| Respond to of 99985

INDEX UPDATE ============================ The NAZ is not clearly in a downtrend since it has finished a cycle with a LOWER HIGH and LOWER LOW. However, per today's closing price of 2249, the NAZ has already pulled back 11.2% As previously mentioned I have a CLASS 1 BUY on the NAZ with the buy-in at tomorrow's lows, so I am expecting a pop to the upside sometime tomorrow, latest Friday. The UPPER TINE of the PITCHFORK should hold contain the upswing, which is around 9350. WHIPSAW TIME, but it should end soon to the downside. Seeya