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

To: James Strauss who wrote (11211)	4/16/1999 9:58:00 AM
From: Wally Mastroly	Read Replies (3) \| Respond to of 99985

Jim, Markets just flipped from positive to negative - in the first 15 minutes today. May be a little "early" to assign any significance to it. quote.yahoo.com Wally

To: James Strauss who wrote (11211)	4/16/1999 10:59:00 AM
From: donald sew	Read Replies (3) \| Respond to of 99985

Jim, A quick strong move from right here in the DOW may not be the best for the overall market although the the other indexes have pulled back. Its better for the DOW to base and pullback a little before the next move to the upside. If it was to runup right now, which is still a possibility in light of the DOW negating the sell signal, it would make the DOW too overextended which could increase the chances that once it does turn to the downside the reversal could be intensified, which could then pressure other sectors to the downside like the HiTECHs which are not extended to the upside, in light of the recent pullback. As a guess, a 100-200 point pullback in the DOW over a few days(3-5), would form a nice base for the next move up. Of course the market doesnt do what is always best. gggggggg Once my CLASS SIGNAL, on only the DOW, was negated, another explosive move to the upside is possible. What was abnormal was that only the DOW signal was negated but all the other signals far exceeded the minimum requirement. seeya