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

To: Smooth Drive who wrote (12001)	4/25/1999 11:12:00 PM
From: StockOperator	Read Replies (1) \| Respond to of 99985

Eric, It is nice to know that we are seeing similar things. Looking at a long term chart for the utilities they are sitting right at key support. What's crazy about the overall pattern is that the utilities may actually be poised for a breakout of a significant trading range. This may imply that rates may actually be heading lower (over time) - perhaps even breaking our October lows. Of course this would bode well for the longer term bullish perspective. It will interesting to see how these divergences will play out. Thanks for your response. SO p.s. thread: I just wanted to add that prices on the DOW and RUT (tomorrow) will be challenging the highs set last week. We should find out early this week how some of our questions today will play out. Any move higher should be broad based. Good luck trading.