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

To: Haim R. Branisteanu who wrote (7436)	3/3/1999 6:31:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

Haim, I believe that we hit a fibonacci 55 bottom today, we failed to break support on the nasdaq and intel has finished a clear 5 wave move down as of yesterday and had a reversal/upgrade today. We needed a convinging break on volume similar to the break in late August. I'm seeing some capitulation by many bulls in here and of course I had to get super bearish -no g- We should rally 34 days into April 6th top, if we follow last years format. bb