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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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4:00 PM EST

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To: Matthew L. Jones who wrote (26869)	9/23/1999 4:56:00 PM
From: Les H	Read Replies (1) of 99985

Broader market, as measured by the NYSE Comp, made a new reaction low... decisionpoint.com The above chart is probably not updated with today's data, but it finished below 597. It's been struggling to recover back above the 200-day moving average for weeks and finally gave up the fight. I don't have a good chart of Value Line Geometric with the moving averages and trendlines. The Nasdaq averages are too heavily weighted to the top tier to be considered broad averages. If Maria comes in tomorrow prim-and-proper and induces buying at the open, then there is more downside according to the Hair Contrarian Indicator.

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