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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.40

-1.1%

Dec 17 4:00 PM EST

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To: HairBall who wrote (41907)	3/1/2000 2:09:00 PM
From: IndexTrader	Read Replies (2) of 99985

LG, We bumped up against 1380 SPX three times today and failed. It looks like a reversal today (so far anyway). It looks like a rising wedge on the SPX daily--(last six days making up the upper line with last three days as lower line). It is quite steep, but what isn't in this market these days. If we close below 1370 we will have a hammer and a reversal stick.

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