MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

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To: pater tenebrarum who wrote (28842)	10/8/1999 3:26:00 PM
From: Lee Lichterman III	Read Replies (2) of 99985

Thanks. Monday might be interesting, the NDX and NASDAQ are forming hanging man formations if they close close to thier current levels. Bullish argument though says the NASDAQ is forming an asceding triangle and OEX double bottomed in August and September. We are getting close to that NDX trend/resistance line that has held numerous assaults in the past also. It is the yellow dotted line on my chart at my site. We have a bit more upside room but if this rally does try to go to expiration, it could come into play. A lot of disparity among the indexes. Good Luck, Lee

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