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

To: Gersh Avery who wrote (9414)	3/29/1999 5:14:00 PM
From: Compadre	Read Replies (1) \| Respond to of 99985

Gersh: As of the close today my intermediate term technicals indicate that we have entered a strong up-trend mode for the following indices: INDU, OEX, SPX, COMPX, NDX, OIX and DOT. Short term, the NDX gave a sell signal, the OEX and SPX are over bought ( I only create signals based on the three indices) but more upside to go. Since the NDX closed near the high of the day, I expect the index will go up some more tomorrow (20 to 35 points) and then head down. But I don't think this is tradable, since we have a strong intermediate term uptrend. I expect it to be a one day event and then resume the upside. <BWDIK> Wall St. is popping champagne tonight. They may not be in the mood for trading in the morning. <<GGG>>> Regards, Jaime