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

To: Stephen who wrote (7773)	3/8/1999 9:09:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

Stephen and All: New charts are up at Monty's MDA Chart Site. cp-tel.net Both the RUT and COMPX are supporting "new" bearish formations. The UTIL found resistance at the 50 day SMA and closed back inside the medium-term fork. The TRAN traded above the lower tine of the short-term fork, but penetrated its descending longer-term resistance line. However, it did close back underneath. The DJI is still trading inside the lower channel of its rising short-term fork. It struggled against the rising resistance line and closed slightly above. The Fast Stochastic remain either overbought are in the extended overbought range for all of the above indices. With articles of possible FED interest rate hikes, AMD and others warning, it is likely to see pullbacks starting tomorrow. I think that fits right in with the Sew'sters INDEX UPDATE! Where is that masked man? <g> BWDIK as always... Regards, LG