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

To: Peace who wrote (11899)	4/23/1999 3:57:00 PM
From: donald sew	Respond to of 99985

Sanjeev, All of my charts are down right now. I am now suspecting that we got a CLASS 1 SELL SIGNAL on the NAZ and even the DOT, but I cant confirm it yet. As for 675 being the resistance, keep in mind that I was eyeballing it and that it is on a incline which will change everyday. I do not have the tools to determine the rate of change since I only eyeball it. Also, it could just be an overshoot. If I am correct that there is a CLASS 1 SELL signal on the DOT, and it does turn down early next week it will be back below the trendline. It is common practice to wait for confirmation of a break of a trendline, and some use 1 day up to 5 days for confirmation.