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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.00

+0.2%

Nov 11 4:00 PM EST

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To: donald sew who wrote (28886)	10/8/1999 9:01:00 PM
From: HairBall	Read Replies (1) of 99985

donald sew: Im more inclined to stick to the current CLASS 1 SELL signal for MONDAY's HIGHs, and if Im wrong Im wrong. You can't be right every single time or it would stop being fun...<g> I think our stuff is in agreement. When ever that has happened in the past, it has always worked out the way we expected, at least so far...<g> The COMPX is in a rising wedge pattern and the NYA is in a rising trading channel with significant resistance coming up next week. Both need to resolve around the middle of next week, if not sooner. (Look at the 30-Minute Semi-Log Charts). Of course, if they are negated then it is off to the races for the bulls and I missed one. However, the overbought indicators are supporting the formations at this time...so I am feeling fairly confident. Hopefully, I will have the time this weekend to post a update on the Road Kill page. I will be able to show the charts. Regards, LG

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