MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: StockOperator who wrote (39621)	2/10/2000 2:56:00 PM
From: HairBall	Read Replies (1) of 99985

SO: I am watching stocks like CMRC which is trading at a critical support area. Any serious break of the 153 level with volume to back it up may send a negative message for the entire b2b sector. I noted that CMRC has traded today at or below the low on 1/12. I agree it is a significant price action area for CMRC. However both that low and today's low are more than a fifty percent hair cut off the high put in before the end of last year. Why do you think that a break below the low on 1/12 would be more significant to the B2B sector than the haircut CMRC has "already" received since its high last year? Very interesting times. These overall patterns are going to work out in the very near term. Since your post are for the most part bullish, would you point me to a bullish pattern or three you are talking about...the ones you expect to "work out in the very near term"...TIA. Regards, LG

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