MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 684.83

+0.6%

Dec 22 4:00 PM EST

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To: pater tenebrarum who wrote (32967)	11/9/1999 2:53:00 PM
From: donald sew	Read Replies (1) of 99985

Heinz, Take a look at the 60-MIN charts on the SPX. If that was a FLAG which developed from late OCT, it does appear that it was broken to the downside today. Im not totally certain of that FLAG formation since it only had 2 points to form the upper trendline of the FLAG. It would have been better with 3 or more points. If I read it correctly, we could see a pullback to about the 1340 range. No big deal, but should be tradeable. seeya

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