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

To: StockOperator who wrote (13548)	5/11/1999 1:50:00 PM
From: Compadre	Read Replies (1) \| Respond to of 99985

SO: I agree, not the time of letting your guard down yet. But the tone has improved dramatically, and if they were not overbought right now, I would have been long. I will wait for the pressure to relieve a bit before getting back in. Regards, Jaime

To: StockOperator who wrote (13548)	5/11/1999 1:52:00 PM
From: HairBall	Read Replies (4) \| Respond to of 99985

SO: Looks like the TYX is going to beat the Market into submission today....my intraday timing tools have been in sell signals since 13:22 EST in the INDU, NDX and the NYA/COMPX Composite! Note: These are intraday timing tools and subject to change!!! Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.

To: StockOperator who wrote (13548)	5/11/1999 2:15:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

SO, Jerry Favors has a new minimum target for the dow of 12,396. actually he thinks dow 14,000 or higher is a more likely target, to be achieved still this year. he says the current upleg should last at least until october 20, possibly longer. the main basis for this forecast are extreme readings in the 5-week RSI, the wave count, as well as the standard time spans for bull market cycles. he forecasts the maximum size of a possible correction as between 2 - 5%. all i can say is that if this turns out to be correct, we will get a blow-off top, which would be a big negative for the long term. it seems that we are getting more and more forecasts calling for some kind of extreme development as the year progresses. just as J.F. and J.Bollinger are predicting a blow-off, others are looking for a crash later this year. maybe we'll get both. if correctly anticipated, the potential for huge profits beckons. regards, hb