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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.31

-1.1%

Nov 6 4:00 PM EST

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To: HairBall who wrote (41793)	2/29/2000 9:27:00 PM
From: Jerry Olson	Read Replies (5) of 99985

LG and all.. seems to be a lot of guessing here tonight<g>...heheehehe.. well this was simple for me to read..as for P&F on the SPX and OEX they both either were gonna tank or bounce from last week,,, they bounced here...period...both held the exact bullish support lines on P&F...and reversed up... now we can follow this up move, till either it breaks out or reverses again... the trend line looks like on the SPX about 1400-1410..if we turn down from there, then we do???? so what??? same for the OEX... anyway, since i've been trading the long side for 4 weeks now 5...and have been highly successful in doing this, even tho, we were selling of a bit... i feel the next 2-3 weeks will be a nice move up, till the street begins to look ahead at the FOMC... but gee whiz...this looked too easy to me... btw, fwiw i gave this thread WAVX..i hope some of you enjoyed the ride...it ain't over.. it may pullback some here from a 2 day 12 point move up...but you can re buy it at any lower level around 38/39 it has to fill that gap... ..this was 2 spectacular days back to back...i always like to see a nice follow thru up day after the one we had yesterday..it confirms the move.... the bears have to move aside here..we just had a 2 billion trade day on the NAZ..now thats huffin' and puffin' in my book... regards and stay long for now...OJ...

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