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

To: Jerry Olson who wrote (9393)	3/29/1999 1:24:00 PM
From: MJCok	Read Replies (1) \| Respond to of 99985

OJ; I'm long May MSFT calls. With the split, possible settlement talk in the air, new high, ect it seemed like a relatively safe bet. Of course we all know how relatives can be. The problem is what this thread has highlighted so clearly. Broad divergence between the market in general and the leaders, misc worries on many fronts. There are many people here who have studied the market and indicators much longer than I, but I can find no clear indicators. At this time the best bet seems to be going with the trend. Hope it goes well for you. MJ

To: Jerry Olson who wrote (9393)	3/29/1999 1:39:00 PM
From: James Strauss	Respond to of 99985

OJ: The S&P bounced off it's trendline nicely... Also, we appear to be getting an Ascending Triangle breakout... decisionpoint.com If market breadth continues to be positive we could see the broader advance we've been looking for... finance.yahoo.com Caveat: New Lows continue above 40... Jim