MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.33

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4:00 PM EST

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To: pater tenebrarum who wrote (43987)	3/24/2000 12:40:00 PM
From: Terry Whitman	Read Replies (1) of 99985

Money growth has flattened recently according to this MZM chart- fiendbear.com I'm thinking tax refund and IRA buying will probably keep the market up for another few weeks. Fridays have been good days to sell lately- I'm not taking any positions on today. Have some sell orders in. Will re-evaluate on tuesday probably. BTW- It looks like the A/D line is pushing on through that downtrend resistance line, as was my best guess. Since the A/D downtrend began, the trendline breakouts- though weak and short in duration, have corresponded with huge rallies in the large cap indices. I see nothing currently that would suggest this time will be any different. (except that MZM chart) geocities.com

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