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

To: Les H who wrote (14649)	5/22/1999 12:21:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Les, the XOI did a retest of former multimonth resistance and made it support and made one of those long white candle bodies, closed on the high, I believe we are going to see new highs in the oils. The OSX gapped and closed on the high and broke the downtrendline of the flag it made. bollingerbands.com scroll down and get a read by bollinger on the dow, this would be in agreement with j.o.'s read that we are now in a 4th wave correction (of the leg up that began in late feb/early march) on the Dow and another leg up is due, which should be helped by the OILS if my read is correct. the spx is a hodge podge mess -g- bb