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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.28

-0.5%

4:00 PM EST

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To: Gersh Avery who wrote (32094)	11/2/1999 9:55:00 AM
From: donald sew	Read Replies (4) of 99985

Hi, Im only talking short-term(1-5 days). The NDX is still lagging the NAZ, although not as much as yesterday. I was actually surprised since the NAZ was up 1 point but the NDX closed down 21 points yesterday. Again this is no biggy, just that the the NAZ probably formed a short-term top and it should dip a little more. Statistically, when I get a CLASS 1 SIGNAL on the NDX, the move is a minimum 100 points from the intraday high to the intraday low. Many wont realise it but the NDX closed 45 points off its intraday highs already yesterday. As mentioned yesterday, I would not be surprise if we get a TWEEZER in the NAZ, by retesting yesterdays highs, before some more selling resumes. seeya

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