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

To: donald sew who wrote (6917)	2/23/1999 11:01:00 AM
From: Challo Jeregy	Respond to of 99985

thank you don. appreciated.

To: donald sew who wrote (6917)	2/24/1999 11:08:00 AM
From: donald sew	Respond to of 99985

INDEX UPDATE ==================================== Yesterday I mentioned that the NDX got a weak CLASS 2 SELL signal and could morph into a CLASS 1 today. Well it did at this mornings highs, so the BUY-IN WINDOW is from todays highs to tomorrows highs, anywhere in between. The DOW was a CLASS SELL on MONDAY with the BUY-IN at yesterday's highs at 9611, and so far it is holding. JAPAN pulled back a little, but EUROPE and HK are up strong which have put them in CLASS SELL status and could start to reverse as soon as tonight. It is still early, but the NEW HIGHs/LOWs are improving with the NEW HIGHs, right now, greater than the NEW LOWs. This should be watch carefully since it could be a hint that this specific short-term pullback may not be strong as some think. Another hint I am getting that this specific pullback may not be that strong is that the DOW is not selling off strongly in light of the sell signal going off on Monday. The DOW could be waiting for the NAZ to turn or it could be a legitimate hint that this pullback may weak/negated. Seeya