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

To: The Perfect Hedge who wrote (14566)	5/21/1999 12:16:00 AM
From: bobby beara	Respond to of 99985

B* egrp, cmgi and a bunch of others are sitting rite on trendlines, follow thru selling tomorrow on increased volume would indicate a shorting opportunity, also I just looked at the Dell chart, should have yesterday, but the earnings disapointment caused a volume gap across the triangle trendline, which likely makes the whole congestion period between March and now most likely a B wave (if this read is rite) and we are now entering a C wave that will make for a bunch of unhappy Dellheads -g- I am now starting to the wave count on the nutz was completed on 4/13 with three impulse waves from sept, 1 ending on Thanksgiving, the other in January. Also the bulls ticked over 60% this weeks II. I am looking going long the oils for a short bounce, they found an area of support yesterday. bb