MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: donald sew who wrote (28646)	10/7/1999 10:52:00 AM
From: yu	Read Replies (2) of 99985

Don, >>> Heinz, >>>Thanks for your fundamental analysis, which supports the BEARISH >>>WEDGE PATTERN on the NDX. As already mentioned, that bearish wedge >>>does permit a slightly higher NEW HIGH. >>>For today the upper trendline of this WEDGE is near 2920, and is >>>slowly rising at a rate of about 1.5-2.0 points a day. I think the 2920 number is NASDAQ, not NDX, right? What should be the upper limit for NDX? About 2570-2580? And it is steeper and converging faster than NASDAQ. yu

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