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

To: James F. Hopkins who wrote (16072)	6/5/1999 12:03:00 AM
From: Berney	Read Replies (3) \| Respond to of 99985

Jim. I hope you make mucho dollars, but, only after I get out of my long positions. <g> I only really follow the OEX and really thought that the 50 DMA was going to be severe resistance. It blew through it as if it didn't exist. I see several more hours of follow through Monday morning at a minimum. I see the the daily chart primed and ready for an explosive move up. To me the volume issue is the chicken or the egg coming first question. Any further move up and the folks are just not going to want to be left out. Yup, I believe the move is limited, but I believe it is real and you are premature. Time will tell. BTW I got a framed chart of the GE Sto falling below 20 and coming back through it. My analysis showed that a better winner you could not find, and, to me, GE represents the non-tech market. BWDIK Berney