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

To: Jerry Olson who wrote (12822)	5/4/1999 3:10:00 PM
From: donald sew	Respond to of 99985

Jerry, Per my short-term technicals, the NAZ are now near the oversold region, and I suspect 1-3 more down days in the NAZ. Of couse, the DOW has more downside potential. I am expecting some sort of a bounce in a few days. Are you expecting a new high on the next short-term upswing? I feel LOWER HIGHs should be produced for the next upswing. I have a problem with calling for a huge selloff right now, but as for for the DOW I believe we could at least see 10,500 before JULY. Heck, with this market it could happen in a few days. Im still wondering if we could just see a more unified trading range with 4%-7% swings both up or down, not of the money rotation type. seeya