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

To: pater tenebrarum who wrote (12969)	5/5/1999 6:49:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Heinz it is possible that the internet indexes today completed an ABC correction and retest today. AOL has a real nice abc elliot looking triangle. I had been watching seek as it had been retesting it's July high on declining downward momentum, when it got upgraded today with 9 day rsi in the low 30's I dove in on the mid day pullback, already made up for getting out of the xau to soon -g- Nice spread & volume reversal off support. I believe that the combination of bearish oex p/c ratio and rising summation index will hold this market up, every decline is brought back into trend. bwdik