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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.57

+0.7%

Dec 10 4:00 PM EST

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To: Michael Watkins who wrote (42000)	3/2/2000 10:49:00 AM
From: HairBall	Read Replies (2) of 99985

Michael Watkins: Draw you NAZ Emini Futures Chart with the upper trend line for the rising wedge by connecting the tops of 1/24 & 2/25 extend right and view in semi-log. You will note it has not penetrated the upper trend line, yet! Do the same on the NDX chart...I used the 15-Min Interval for trend line placement and viewing! A lot of struggling going on today...will a change in direction be revealed today for the NAZ....OR....will these NAZ wedges be negated? Me thinks we find out today...<g> Regards, LG

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