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

To: StockOperator who wrote (11223)	4/16/1999 11:48:00 AM
From: donald sew	Respond to of 99985

StockOperator, I dont have a strong opinion on how the market will perform today. As I have stated many times my short-term system which I rely on the most are designed to identify exteme situations. Right now most of the market is not at the extreme, only the DOW is. BUT since the DOW negated my sell signal that normally means there could be an explosive move to the upside which could last a few days and stop at anytime. What is making me not go full force with that negating signal is that the rest of the market sold off significantly over the last 2 days, so I still do not have a firm position for today. I believe the MAX PAIN on the OEX is at 670 ez-pnf.com If that is correct and up to date, then we could end up there, but that would not be a huge rise. seeya