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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: Robert Rose who wrote (28545)	10/6/1999 1:20:00 PM
From: HairBall	Read Replies (1) of 99985

Robert Rose and All: Major resistance points on several major indices are now being encountered and breached. The descending resistance trend line is now in play off the 8/25 high for the SPX and SPX Futures. Next resistance for the SPX Futures is the gap down from the 9/20 close to 9/21 open. The gap is acting as a magnet but if filled, it will become strong resistance. Regards, LG

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