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

To: still learning who wrote (13592)	5/12/1999 12:23:00 AM
From: Compadre	Respond to of 99985

Still learning: CSCO was trading at 116 3/8. But the rest of the high techs are like hohum. Like if they have taken a sleeping pill. Tomorrow will be interesting. The NAZ is in extreme overbought (Short term indicators). Trin is better than yesterday, but the uptrend still intact. Volume is up compared to yesterday, but it is just average, and only touching the down trend line. Obvious signs of distribution. The good side is that the last of my trend indicators in my trading system turned up today. And there are a couple of intermediate term buy signals on the indexes that I track. MACD and W%R look bullish for the NAZ. Internets have a revived Index in the DOT. OEX and SPX showing signs of a beginning of a strong trend. All I can say is that it looks like a bull, but smells like a fish.<G> Regards, Jaime