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

To: HairBall who wrote (7822)3/9/1999 10:33:00 AM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Larry,

My short-term technicals on the NAZ is now at their extreme maximums (just hit 100) which does not happen only. When it gets this high it normally indicates that the following dip may not be too strong.

It should start selling off some later in the day.

seeya



To: HairBall who wrote (7822)3/9/1999 10:45:00 AM
From: donald sew  Read Replies (2) | Respond to of 99985
 
INDEX UPDATE
==============================

The NEW LOWs are now greater than the NEW HIGHs. Keep in mind that the NEW HIGHs were double the NEW LOWs 2 days ago, and this quick change is not a great sign with the DOW only down 15-20 points. It becomes subjective, but if the DOW was down much stronger, I could understand these figures as normal, but since the DOW is only down a few points the NEW HIGHs/LOWs should not be deteriorating this fast.

seeya


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