MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: Les H who wrote (39579)	2/10/2000 9:27:00 AM
From: HairBall	Read Replies (1) of 99985

Les: I posted this chart a couple of weeks ago to bobby beara along with my take... The VGY broke per the norm for the bearish triangle. The formation signals that at the least a partial retrace of the formation is a high percentage bet. However, it needs to continue down below the Oct low to continue the trend from which it started. In my opinion this may be the single most important index to watch at this time! The low in Oct 99 was below 400. My QChart VGY (Value Line Geometric Index) Daily Semi-Log Scale marketdirectionanalysis.homestead.com Regards, LG

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