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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Benkea who wrote (31507)10/26/1999 8:40:00 PM
From: Jerry Olson  Read Replies (2) of 99985
 
Hey Benkea

thanks for the chart<g>

just thinking...don't laugh...heh heh..

let's see..we had outside reversal days in all the indexs including the SPOOs...SPX and OEX

the OEX is gonna tank..just because i'm in it to win it..short as shit...

as for some of the tech generals..DELL-CSCO-INTC-MSFT etc..they are going lower...MSFT looks like it's gonna roll over and die...if CSCO prints 65 goodbye city to 55/56..

when was the last time..so much bullish junk hit the wires, and it was completely ignored????

INTC & MSFT into the DOW....nice..LU beats the street by 2...IBM..yeah BIG Blue, buying 3 BILLION dollars worth of shares back..nice...they all looked like horse dung...

the bonds are rockin to new lows...TYX is about to breakout to alltime highs here...did i say all time??? hehehe..i mean for now...

and we're coming into GDP & ECI on thurs and AG speaks Thurs nite, and and and...yeah we'll rally..right...

anyway..it does not matter what the reports say..we are going lower...

my senario is this..the OEX will print 670 tomr, a 3 box reversal down, then break 640 for a double bottom sell signal and then hit 610..the bottom..my time frame is right up to FOMC the 16th of NOV right IN option exp week...

that equates to 1220ish down to 1190ish SPX...

maybe 9500-9100 DOW...if the bond breaks down here and TYX gets to 6.50%..we'll see those numbers...i think it happens within this time frame..

thanks for the charts...
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