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: Michael Watkins who wrote (41816)	2/29/2000 11:47:00 PM
From: bobby beara	Read Replies (2) of 99985

Mike, your trendline may be wrong, notice the the triangle was retested, don't get too tied to that top. also you need to go back to a much larger time frame and notice that the CRB is making higher highs and higher lows after a large double bottom here and retesting a breakout. we must assume the bullish trend until the triangle breakout is negated (thats a good one for MSFT also) Oil is the driving sector of the commodities, but the price of oil is factored into everything, i believe we will see a broadening out here. Don't discount, as i've been posting here for several months that opec is in love with the idea that everybody is driving SUV's -g- also the trend is central bank gold selling and gold hedging is reversing now, these are the insiders, listen to em. b

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