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

To: donald sew who wrote (8437)	3/18/1999 5:04:00 PM
From: Les H	Read Replies (2) \| Respond to of 99985

markets.tradingtech.com

To: donald sew who wrote (8437)	3/18/1999 7:13:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 99985

Hi don .. Re time frames: I noted that your call for a buy in was for the high of the day Tuesday. Next noted that the high for Tuesday was a hype generated top that lasted for only 90 seconds. The second high for the day was near the close. The next low was almost exactly 24 hours later. The next high was almost exactly 24 hours after that (near close today). Which would put us at day three max effect near close tomorrow. It'll be interesting to see if the pattern holds. The fork that you suggested long ago seems to have held the market very well. Today we closed just outside of it. I'm still using it on my charts as it still seems to be having a impact on the S&P. If we do head north from here I'll have to conclude that it is totally dead. But for the moment : Data for Friday rough OEX equivalents: Large fork tines: Upper : 1306.56 (-9.99) 654.25 (-5) Mid : 1241.62 (-74.93) 621.73 (-37.52) Lower : 1183.51 (-133.04) 592.63 (-66.62) Small fork tines: Upper : 1328.59 (12.04) 665.28 (6.03) Mid : 1296.35 (-20.2) 649.14 (-10.11) Lower : 1264.12 (-52.43) 633 (-26.25) Globex opening trigger values: Buy trigger : 83 (1332.03) Sell trigger : -439 (1326.81) Prem values for the day: buy trigger 15.48 fair value 12.76 sell trigger 10.26 Gersh

To: donald sew who wrote (8437)	3/18/1999 7:45:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

donald: Sorry, I did not get back to you sooner. I had some non Markets business to attend to this afternoon. However, a great trading day all day I see. I was lucky enough to ride the AHWY rocket this AM. I love those "internutz"...<g> Of course, I "always" take profits to early...but this time maybe I sold at the top because I closed the position before I left...<gggg> I took a look at the VIX.X. I really do not follow it much. What I see, looking at the 60 minute bars, is a megaphone. Of course you have to ignore the big down spike to get any formation. However, that's not one of the formations I use. So, I can not help you with this one. Anybody have a good definition of megaphones? It does look like it wants to go lower... BWDIK Regards, LG