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

To: Sun Tzu who wrote (9060)	3/24/1999 4:46:00 PM
From: HairBall	Respond to of 99985

Sun Tzu: The GIF format reduces the image information down to just enough needed to satisfy the needs of a computer screen view, which is only 75 lines per inch, if my memory serves me correctly. Most of the other image compression formats are to preserve the image information (data) to facilitate commercial quality printing. Of course the original is only as good as the scan or other source. The normal commercial line screen range (not pixels) can range from 150 to 300 lines per inch. That requires a heck of a lot more resolution (data) than just a simple computer monitor view (graphic) requires. Of course, if you really want to retain all the data you do not compress it. One would keep it in the original format such as .tif or convert it into a comparable format. To give an example, one of my charts in .tif format is 1.1 megs after conversion to a .gif format the same chart would be 27k. Regards, LG

To: Sun Tzu who wrote (9060)	3/24/1999 5:44:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

INDEX UPDATE ===================================== Per my short-term technicals the DOW,SPX,OEX are on the verge of getting out of the oversold range, and the NAZ is already in the lower mid-range. So the overall market is starting a little bounce off of the CLASS 2 BUY signal. Now the question is how strong will this rebound be. The market internals are still weak and there were little improvement in the NEW HIGHs/NEW LOWs, so there is a chance the selling could resume soon, and as soon as tomorrow. The next resistance area in the DOW is in the 9750 range, and the stronger resistance at 9900 ramge. If the market continues its bounce, feel there should difficulty at the 9750 range, and on the other hand selling could resume at any time. This could also be the beginning of the STAIRSTEP, similar to the selling after the DOW hit 9300 last JULY, when it dropped quickly to 9000 range zig-zagging for about a week before the stronger selling started. If the 9550-9800 range holds for both downside and upside movement, over the next few days, then I believe that the STAIRSTEP is starting form. What I call a STAIRSTEP is basicly a RECTANGLE, which in this case is a bearish formation, implying further downside. seeya