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

To: jjs_ynot who wrote (14035)	5/15/1999 7:45:00 AM
From: Step1	Read Replies (2) \| Respond to of 99985

Very anecdotal and i hope it doesn t break the rules on this thread, but a good friend of mine in Japan (60 years old, enough to have played the market for about 30 years and still dabbling in various investments) was telling me just today that in 89 in Japan when the stocks that had missed all the wonderful gains of the big blue chips made their move up, it was the top. He called them the dogs and said of course that at the time everyone just saw in that optimism, the rest i believe is history... He has Nippon Steel at 1000 Yen, now at 250 ... Fell hard and long... Back to lurker mode, sg

To: jjs_ynot who wrote (14035)	5/29/1999 8:26:00 PM
From: jjs_ynot	Respond to of 99985

MACD UPDATE This update reviews the intermediate market trend (2-6) weeks based on MACD indicators. SPX - Down for week 7 approaching a "0" point where the market may find some support OEX - Down for week 6 approaching a "0" point where the market may find some support RUT _ Down for the second week INDU (DOW) - Down for the third week TRAN - Very strong down move that is 2 weeks old. This will scare the Dow theorists COMPX - Oscillating Downtrend for 6 weeks NDX - Oscillating Downtrend for 6 weeks IIX - Down for 7 weeks and approaching an important "0" point DOT - Down for 8 weeks and has moved into negative territory XAU - Down for 3 weeks HFX - Down for 3 weeks approaching a "0" point where the market may find some support DRG - Down for 7 weeks at a very large negative value after a failed attempt and turning positive last week UTIL - Positive for 6 weeks TYX - Crossed into a downtrend and moved back up to an indeterminate trend The market is at a number of key supports in terms of intermediate trend. If a bottom isn't set in the next week, there could be significantly more downside. The downtrend in TRAN is steep and sending off an alarm from an economic activity level. With XAU trending down, TYX unclear and UTIL on a long rise; inflation doesn't appear to be in the cards near term. Be careful about a bounce. The MACD indicators have given several clues that the bottom may not yet be in. Happy holidays to all.