MDA - Market Direction Analysis Message Board

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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: TWICK who wrote (22499)	8/9/1999 12:40:00 PM
From: bobby beara	Read Replies (1) of 99985

Twick, S&P retail has broken double top formation and worst performer today of all industry groups. timely.com while the s&p, oex, ndx, dow have not broken their june lows plenty of industry groups have transports, banks/brokers, retail, internets bonds opened with a gap and broke the june lows. despite the high level of bearishness in the air these days, we can't mount some kind of rally. my wave read is that last thursday was wave three down and we are in a wave four consolidation, which will retest or break the recent lows. bb

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