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

To: The Perfect Hedge who wrote (10130)	4/7/1999 12:56:00 PM
From: donald sew	Respond to of 99985

Beeblebrox, My position this morning was that if the DOW breaks 10,025 significantly, I would become less bearish for the immediate short-term, in that the DOW could head higher and as high as 10,500 for the short-term, which is the apex of the big bearish wedge which formed off of the OCT lows. The DOW got to 10,040 so far, but at that time the NAZ started selling off hard, and the NAZ sold off about 80 points from the intraday highs to the intraday lows, so far. So I did not throw in the towel yet, but we got darn close. seeya