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

To: briskit who wrote (14858)	5/25/1999 11:52:00 AM
From: donald sew	Respond to of 99985

Mike, I think the main bounce will arrive tomorrow. Per my short-term technicals there was just a little more downside although I did get CLASS 2 BUY signals accross the board. Also, not that the bond is moving anywhere fast, but the rates are a bit higher. Im more inclined that there will some more selling in the afternoon and either the more significant bounce to start late afternoon or tomorrow. seeya

To: briskit who wrote (14858)	5/25/1999 7:13:00 PM
From: Moominoid	Read Replies (1) \| Respond to of 99985

Unfortunately improbable events DO occur..... I was caught out by the relatively late in the day decline.... Back to the drawing (charting) board. As far as a trading range goes - this is only as low as the mid-April decline in the SPX. Using my other TA method. A number above 1 is a buy or sell depending on context. Here is SPX since a sell signal on 13 May: 5/13/99 1367.56 1.18 5/14/99 1337.8 0.34 5/17/99 1339.49 0.32 5/18/99 1333.32 0.39 5/19/99 1344.23 0.38 5/20/99 1338.83 0.33 5/21/99 1330.29 0.44 5/24/99 1306.65 0.73 5/25/99 1284.4 1.06 Again this is just statistics and improbable events DO occur. David