MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.76

+0.5%

Jan 26 4:00 PM EST

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To: HairBall who wrote (43057)	3/14/2000 10:53:00 PM
From: bobby beara	Read Replies (2) of 99985

LG, i know you were kidding me about the Qcom bellweather, but i believe the triangle on this stock will break out of the trading range when the market makes a big break 207.61.23.98 i believe the little rally last week was a nas 6000 foolie and even brought the q thread back on the hot list. with the teepee top and the gap down on earnings disapointment i believe this triangle is a B wave and the C wave should at minimum take the stock down to the 200 dma. and i belive the nasdaq will follow it. i have a possible 5 wave count down on ndx from the top, so we could have a rally into expiry (god i hope, i'm not short enuf =g) there are plenty of dancing bears around tonight, but i will caution bulls that bears danced all the way to the 8/11 bottom off the 7/19 top. did nasdaq 5000 make a similar top, i think so.

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