MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.48

+0.3%

4:00 PM EST

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To: StockOperator who wrote (34508)	12/3/1999 6:29:00 PM
From: StockOperator	Read Replies (1) of 99985

This bull just keeps on doing what has to be done. Earlier in the week I made mention that the trend overall (especially the DOW) needed to continue to move higher in order for the upward trend to remain intact. With this move today the Dow has clearly broken through some major resistance blocking it's path. The significants of this being strong closing prices at the end of the week. The charts continue to point towards higher prices, however, I believe the gap on the NAZ will have to be addressed prior any serious move upwards. According to my read of the charts the MAJOR story next week will be the beginning of the breakout in the TRANSPORTS!!! Airline stocks look poised for a serious move here. Another piece of the bullish puzzle is ready to fall into place. Good trading. SO

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