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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.04

-0.1%

Dec 9 4:00 PM EST

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To: donald sew who wrote (33412)	11/15/1999 11:41:00 PM
From: Bull RidaH	Read Replies (3) of 99985

Don, <<a reasonable break of 1400 may not negate that senerio you highlighted.>> Quite true, but it would lead me to believe we'll head higher before reversing... And how high I don't think I wanna find out. <g> That number wasn't just picked out of the sky, but based on S&P futures 24 hour wave formations that prohibit a move above 1405 for the conclusion of the rally from last week... Which just happens to be where we stalled today. I subtracted 5 from that number for fair value to yield the 1400SPX ceiling. <<What the heck is a 36.2 day cycle. gggggggg Whats ".2", why not just 36.>> That's one question I simply didn't get around to asking Favors when he gave me the cycle info. But if i ever see him again... <ggg> He was calling for a cycle high in this time frame too: marketweb.com Now the only question still in MY mind is... Did we trigger a class 1 on anything today? Thanks, David

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