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

To: Robert Graham who wrote (9874)	4/5/1999 4:22:00 PM
From: StockOperator	Read Replies (1) \| Respond to of 99985

Bob, There is a lot of noise on the intraday charts. Because of that it is easy to be whipsawed out of the market. Besides don't forget that the close is the most important part of the whole day. I take my cues from that. Any move (in prices) can always be put in better perspective when all time frames are considered. Intraday builds into daily - daily to weekly - weekly to monthly and so on. I have not updated my charts yet and probably won't for a couple of hours. But on the surface it was a strong day. Good trading. SO