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

To: HairBall who wrote (7248)	3/1/1999 11:30:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

INDEX UPDATE ===================== So far the NAZ, NDX, OEX, SPX, DOW just entered the oversold region per my short-term technicals; however they are not yet CLASS BUYS. It also depends on the CLOSE, so if we close positive today then they will no longer be in oversold. I would also like to mention that some of the strongest moves are when the market are in the oversold or overbought region, so Im not yet buying calls. I also noticed that the DOW,SPX,OEX has created a lower low today. Last THUR there was a strong intraday rebound to the upside where some felt that the market will head higher from there. Well the DOW,SPX,OEX just went a bit lower than last THURs lows which implies that this pullback is not over and that the market can go lower. The next important support is in the 9050-9100 range. seeya