MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.73

+0.5%

Jan 26 4:00 PM EST

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To: pater tenebrarum who wrote (43070)	3/14/2000 11:24:00 PM
From: bobby beara	Read Replies (1) of 99985

Heinz, yep i've been following that debate and i will totally debunk the next wave up being the third. if you look at an rsi chart of nas, it formed the same inverted H&S pattern that i have been talking about on the nas, however as the price chart has been ascending and breaking out of the pattern, the RSI made a flat pattern and never broke out and failed and reversed on friday. The internal and external momentum confirmed the 1/3 top in the nas, but everything since then, including the confirmation of the dow, spx, oex, has failed. the nas is the strongest index and is the final topping indicator, when this index tops the bull market is finished. i wouldn't buy any old economy stocks until there is a bear on the cover of business week. b

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