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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 687.72+0.7%Jan 5 4:00 PM EST
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To: t2 who wrote (76704)5/9/2001 10:06:50 AM
From: bobby beara  Read Replies (1) of 99985
 
nv, the dow has had couple of doji's in the last week against 11,000 and has a rising wedge from the top of the candle from the fed surprise hike, looks like the rally might be running out of steam here, csco had a doji yesterday and a gap down today, no breakout, could be a failed inverted H&S pattern the rally from 4/4 has the shape of an ABC countertrend rally.

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