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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: HairBall who wrote (30198)10/17/1999 1:37:00 AM
From: Jim Willie CB  Read Replies (2) of 99985
 
LG, this MDA thread comes highly recommended

I am a dedicated QCOM investor, follower, and Q "Buying Range" contributor... pleased to see quality techanalysis discussed without moronic ignorant attacks... never stops me from posting TA views and calls on Qthread

I tend to view nearterm and shorterm consistently, neglecting longterm charts... your SPX clearly points out the gradual rounded top pattern since May... unsure how it resolves, usually a quantum level decline

noticed in last couple months a slightly declining channel evident in same SPX... we are at its lower boundary now... after a Monday morning retest, I wonder if time for cover reflex rally

Greenspan has become a problem... wonder about his clarity of thought right now... reminds me of a guy who enters a crowded theater and yells "nobody should ever yell fire in a theater like this!!!"

Greenspan needs a weekend retreat with a 25yr old woman with physical talent and all the right moves... when Fed is done acting, it resorts now to War of Words... with no recent FOMC rate hikes, we have a "threat like a sword" hanging over the market, which serves more effectively in subduing the stock market than a rate hike itself... IMO a rate hike would be greeted warmly as a final event

put/call ratio is wicked high
VIX volatility index is highest since March
my fave contrary indicators
(in addition to certain people bailing)

thanks for the cool thread
I will be trampling over here on occasion
/ Jim Willie
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