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

To: Les H who wrote (6795)	2/22/1999 3:28:00 AM
From: Moominoid	Read Replies (1) \| Respond to of 99985

As I was saying we are in the equivalent of mid-May so if history repeats then we'd do at least another month in this trading range and you could get those features you are mentioning before any rally. Which I'd expect to see before any rally. But there is no reason for an exact repeat obviously going forward. We could stay in this range for a long while (months) or shorter while (weeks). The movements in the last few weeks are very similar so far. My point is really that there is no reason necessarily to think this is a top as some have been proclaiming and that a big crash right off of here doesn't look very likely. David