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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Berney who wrote (16780)	6/10/1999 11:14:00 PM
From: HairBall	Read Replies (1) of 99985

Berney: The GE Chart is displaying a descending triangle. This is most often considered a bearish formation. Anyway that is what folks that read the expert books tell me...<g> I have found (being self taught) that descending triangles rarely resolve to the norm if it means a trend reversal. So, this chart is not a "big" percentage play either way. I expect it will follow the trend. However, if it breaks to the downside...lookout!!! Regards, LG

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