MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: bobby beara who wrote (40018)	2/12/2000 2:55:00 PM
From: Jerry Olson	Read Replies (1) of 99985

well i think we do this...rally up to 1420, come on down and test 1360.. if we print 1350/40 and break the double bottom and the bullish support line, we could free fall to 1280 then 1240... but thats a big fall....i'm betting he does not raise rates in Mar....and it would take a big catalyst to move us down to 1240... that would take the SOX down to 670..i don't think so BB... in fact...after we test the SPX lows around 1350ish, i'm looking for a large rally, scarin' the shorts, sending the bears back into the woods... hehehehehehehehe...beware the EYE'Ds of MARCH....

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