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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

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Nov 28 4:00 PM EST

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To: donald sew who wrote (16446)	6/8/1999 4:31:00 PM
From: HairBall	Read Replies (2) of 99985

donald: Nice day for shorting...<g> Wished I would have done more, but...I don't like diluting my focus or slowing my execution. It is good when a plan comes together, right bro...<g> Now the question is...how much damage does this downturn do...AND will it be enough for me to change my mind! The trend lines are being played with, as of late, by the big boys. I hate it when they do that...<g> Couple that with those MMs and ECN'ers jerking level 2 around and I could get pissed off. But I am getting better at reading the false bids/ask. I will just have to stick with my system and let the breaks (not just penetrations) above or below the controlling trend lines dictate my "investment" actions. By the way...key resistance points played a major role in the pivot points today on several indices. I may post intraday charts tonight to illustrate, but I do not know if I want to give away everything...<g> Regards, LG

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