MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: James Strauss who wrote (42116)	3/3/2000 12:48:00 PM
From: HairBall	Read Replies (1) of 99985

The IND and NYA continue to retrace their previous falling wedge formations. The COMPX has already broken above its rising wedge formation. However, both the NDX and NAZ Emini Futures have yet to break above. Both the NDX and NAZ Emini are testing the upper trend line of their respective rising wedge formations. Both are giving hints of pulling back from the trend line with my 15-minute indicators close to supporting that pullback. Of course with all TA, nothing is 100%. Critical time, will the upper trend line hold or is the NAZ off to the races again...time will tell... Regards, LG

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