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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.73

+0.5%

Jan 26 4:00 PM EST

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To: Terry Whitman who wrote (8020)	3/11/1999 10:08:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

WOW! Can't you pick one a little harder <ggg> Just ran it through my stuff and almost every indicator I use is in the middle right now. No where to draw a good fork and weak trendlines at best. I never tracked it even though I should and I plan on doing so from now on but .... I would venture to guess and only guess that a support line taken from the action in the first 2 weeks of February is where it should pause next. I would expect it to fall to around 96 3/8 then I would look at it again to see what the indicators look like. I usually like to stare at one for a while to get a feel for it. One good thing about this chart is my default buy/sell model seemed to work well on a back test I just ran. Last signal was a double sell on 4 and 5 March. Good Luck, Lee

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