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

To: S. Chiang who wrote (11430)4/19/1999 1:42:00 PM
From: donald sew  Read Replies (2) | Respond to of 99985
 
S.CHIANG,

As for the NAZ my short-term technicals are in the CLASS BUY region, but my data is slow so I cant get exact readings of the individual
HiTECH indexes. Regardless the BUY-in window for the HiTechs is today untill tomorrows lows.

I just checked the trendline for the NAZ, which was formed off of the early MARCH lows at about 2240. Im only eyeballing it so I could be off some, but for today/tomorrow that trendline appears to be in the
2390-2400 range and we got close to it today.

Can anyone help and get a better reading of where that trendline is for today and tomorrow.

seeya



To: S. Chiang who wrote (11430)4/19/1999 2:24:00 PM
From: j.o.  Respond to of 99985
 
The DOW has also retraced back to the level from which it broke higher this morning. I am medium term bearish, but I think that this bull has horns left for one last move to the upside. Looks like it's poised to move higher now.

I suspect that we will see things end higher than these levels across the board, though not on today's dow highs. If we break back below Friday's close on the Dow, though. I think it's ALL over.

j.o.



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