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

To: Roebear who wrote (14212)	5/17/1999 1:35:00 PM
From: Ken98	Read Replies (1) \| Respond to of 99985

Roebear, have you seen this? biz.yahoo.com Any thoughts on all of the Fed coupon passes the last few days (including today)? Does this give any indication of what the result of the Fed meeting tomorrow might be? Regards, Ken.

To: Roebear who wrote (14212)	5/17/1999 1:36:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Roebear, I really dont know if the DOW will break 10,750 specificly today, but per my short-term technicals there is still more potential downside since the DOW is still not in CLASS BUY territory. Im really lousey at guessing how the market will react to a inflation-biased announcement. Lets put it this way, the short-term(1-5 days) downside is still limited since the major indices are already in in the oversold region and only 1-3 days from becoming a CLASS BUY signal. Im more leaning towards the stronger selling to start in the next 1-2 short-term cycles. seeya