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


To: bobby beara who wrote (7479)3/4/1999 10:23:00 AM
From: donald sew  Read Replies (3) | Respond to of 99985
 
Bobby,

Guess what, since my short-term technicals for the DOW was not in the CLASS BUY area, todays strong upswing(UP 140 at the time) has pushed the DOW into the OVERBOUGHT region already - WOW. The SPX,OEX,NAZ are only in the mid-range, so if this runup continues there should be 2-3 more up-days. So we will see with tomorrow's economic numbers.

HAIM - WHERE are ya BUDDY, you and BOBBY, and others called this pop nicely.

Per my chess game analogy last night, I wonder how much of this gain will be retained before the close.

Seeya




To: bobby beara who wrote (7479)3/4/1999 6:51:00 PM
From: Saulamanca  Read Replies (2) | Respond to of 99985
 
Bobby, wouldn't the Nasdaq have to close above it's right shoulder (2400) to say the head and shoulder pattern has failed ?

Jim