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

To: Lee Lichterman III who wrote (9844)	4/5/1999 9:23:00 AM
From: Lee Lichterman III	Respond to of 99985

DOW and OEX chart updated to reflect wedges previously mentioned at homestead.com Follow the L3 link then either DOW or OEX Futures implying 100+ DOW points with SP99M at 1315.4 Befuddled

To: Lee Lichterman III who wrote (9844)	4/5/1999 10:38:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

Lee, >>>>> I haven't changed the OEX chart but there is a rising triangle which would imply a break upwards. <<<<< When I checked the OEX, I have a similar pennant formation with similar dates. Not sure what you mean by a rising triangle. Presume you mean that the lower trendline is moving up at a faster rate than the upper trendline is declining???. seeya

To: Lee Lichterman III who wrote (9844)	4/6/1999 4:43:00 AM
From: Moominoid	Respond to of 99985

Our All Ordinaries index made a spectacular move through the 3000 resistance barrier. The new all time high close is 3032 up 59 points. It's been following US markets pretty closely since October but putting on a better show recently with the break out of the ascending triangle and now this latest move. Till recently it's been held back by the resource stock component (All Industrials index has been doing even better). Also the dividend yield is a lot higher than the US which slows things down a little. David