MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: bobby beara who wrote (72649)	3/18/2001 8:53:40 PM
From: el paradisio	of 99985

Well, I am counting the Naz top from Sept 01 at around 4000. Wave A down was from 4000 to 2500...1500 points. Wave B up was at 2900-3000.... Wave C down should find the final bottom at around 1450-1500. stockcharts.com[w,a]dhclnimy[dc][pd20,2][vc60][iLc20!La12,26,4!Lp14,3,3!Ld20!Ll14] ADX is below DI-, what suggest, that selling pressure is much lower, than before. Also important...ADX is not making a new high with the lower prices. In the meantime, we should get a small wave up around Mon-Tue...which will be sold IMO. Regards, el

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