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

To: HairBall who wrote (8980)	3/24/1999 9:15:00 AM
From: donald sew	Respond to of 99985

LG, Per yesterday's close, the CLASS 2 BUY SIGNALS were confirmed, with the BUY-IN at todays LOWs. But they could morph into a CLASS 1 SELL signal by going below yesterday's lows(approx 9640), which then means that the BUY-IN would be at tomorrow's LOWs, not todays. The break below yesterdays lows should be with some substance around 50 points(say around 9590), otherwise it could just be an overshoot. Regardless, the window for some sort of pop to start should be from today to tomorrow's LOWs. I will be watching the NEW HIGHs/NEW LOWs carefully today, and if the market is flat with no improvement in the the NEW HIGHs/LOWs - DAT aint good. This is somewhat on a subjective basis, but once the NEW LOWs starts to get closer/above 200, that would be a strong confirmation to me that strong selling could start/intensify shortly thereafter(within 5 days if not immediately). Seeya