MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: j.o. who wrote (25939)	9/15/1999 3:43:00 PM
From: HairBall	Read Replies (3) of 99985

j.o.: Thanks for the kind words. Regarding the lower band of the OMC multi-decade "rising" trading channel: A - If the Market were to begin a measured correction from current levels at this time, taking approximately 18 month to retrace back to the lower band it would result in a 30 to 35% overall loss. B - If the Market were to move down sharply from current levels at this time to the lower band say taking only a month or two, the loss would be more severe and would be in the 45 to 55% range. One would then cross one's fingers and hope the lower band holds...<gg> Of course, the top may still have more building to do, but I believe the risk to reward ratio is now large! Regards, LG

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