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

To: Lee Lichterman III who wrote (14054)	5/15/1999 3:11:00 PM
From: Casaubon	Respond to of 99985

Correction Noted on the DRG. I was shooting from the hip, as I did not actually look at your DRG chart just now. I remembered it was giving a class 2 buy signal a couple of weeks back and then moved lower. So, I thought (ASSumed your chart would show a negative bias). I have included some links to support my negative bias claim: iqc.com If you look at the first two weeks of 99 and compare them to the last two weeks, you can then see we are just now entering a negative bias. With the MACD crossing into negative territory and the OBV maxing out at a lower level compared with last years high point, even though the stock price had a higher high, demonstrates that the trend will probably continue with a negative bias. iqc.com iqc.com I'm having trouble with IQC but, many drug stocks mirror these charts. I can see how you could assign a sideways fork, but I think other indicators give a negative bias, for now.