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

To: donald sew who wrote (13948)	5/14/1999 2:48:00 PM
From: HairBall	Respond to of 99985

donald: Per our conversations...I think the "big boys" will want to play the BTD'ers...so I don't expect a single one day decline! So far, this process has gone pretty much as expected, except I did not expect the Dow Indices to benefit as much as they did during the rotation...I prefer to call it miss-direction, some may eventually call it a bull trap! All 24 of the indicator issues I watch intraday or in the red...except for Texas Utilities! IBM has not even entered the gap created yesterday. So it is holding up well, for now. IBM does not always fill gaps, but most often does. AOL broke below that uptrend support line we talked about. GE gapped down, but still is not in danger territory. A break below 100 for GE could lead to a more serious decline... Regards, LG