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

To: Hawkmoon who wrote (7585)	3/5/1999 10:57:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Ron Reece: OT Some of us don't drink BUD...<g> I'll take a Keystone, thank you very much! If the Market continues as expected today, I shall be having a beer and cigar inside today and getting in trouble with the better half once again! I love it when a plan comes together..."quote from the A Team"...<ggg> Donald: The bullish wedge/flag on the DJI has completed the move by going to a new high today. I love it when those formations work. The TRAN stays above its bullish wedge/flag and continues to extend the move, but it has to rise above the pole to complete. But, it has a medium term resistance trend line to contend with to do so. The UTIL has penetrated its medium term resistance trend line today. The RUT continues its move above its falling trading channel and has penetrated but not negated the upper descending trend line of its descending triangle. The COMPX is moving above its falling trading channel as well. That should bring in the dipsters for sure. In the action of the largest casino of them all, all is not always as it seems...<g> BWDIK Regards, LG