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

To: Compadre who wrote (7090)	2/26/1999 3:58:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Jaime, >>>> Buy signals every-where. Are they real or are they Memorex? <<<< I also got a buy signal on the SOX but I dont think it will be meaninful, only good for a quick scalp. It looks like we will close relatively flat on the DOW (+or- 50 points), so no clear direction for monday from my analysis. EDIT: GOSH!! when I started typing this note the DOW was only down 7 now down 57 in a few minutes. who knows. got ta do some homework first seeya

To: Compadre who wrote (7090)	2/26/1999 4:00:00 PM
From: Arik T.G.	Read Replies (1) \| Respond to of 99985

>> Buy signals every-where Where? >> Are they real or are they Memorex? <G> We'll have a very clear answer on Monday. If SPX trades over 1253 then we're headed higher, much higher. Not just a marginal new high this time. OTOH if there's a limp to 1246-1248 and we start reversing, then look out below. We'll see 1210 probably on the same day, and 1160 down the road. IMO Monday is going to be an important decision day for the market. NDX still supports the downside. Looking at the chart I see very little upside potential, so I guess 60-40 in favor of more downside. Hey, while I typed this the market reversed. Make it 70-30 in favor of downside. ATG