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

To: StockOperator who wrote (9406)	3/29/1999 4:00:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

StockOperator, The RUT has performed fairly. The previous peak was at the 400-4032402range, and unfortunately it did set a lower low. What is good is that the RUT is back near the 400 range, but it really needs to break the 400-402 resistance area significantly, other wise it may form a DOUBLE TOP which could be interpreted as bearish. As for the short-term, the market is getting ready to make some sort of downturn by WED. It could just be a one day thing or the begininng of something more substantial. Since I rely on cycles, the statistical reliability of the 9-month cycle is high, and the 2/3 point of the 9-month cycle arrives on APRIL 8. Just a guess-amtion, I would go with that date, + or - a week, so we are near that approximate time frame. All I am saying is that we are at a crucial point right now, with the statistical probability more on the downside than upside. Is is 100% - of course not. Seeya