MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.97

+0.1%

Nov 7 4:00 PM EST

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To: GROUND ZERO™ who wrote (44505)	3/31/2000 9:53:00 AM
From: Michael Watkins	Read Replies (2) of 99985

GZ - morning - I myself expect a rally but question its longevity. Being objective here, the Nas has suffered more technical damage trading in this last range than in the last 8 months of trading. intelligentspeculator.com Here's my wall paper contribution for today... the COMPX is finally starting to demonstrate real weakness. That blue volume accumulator (advancing vs declining volume) has been very useful on the NYSE. Also noting that price just barely closed above the 2B bottom on the daily, and that it pierced it so far, may well be a sign of things to come. In 1 day or 2 weeks, if ever? Who knows. Pays to be nimble. This may be a dip the less nimble later regret buying... Bottom line, while its trading in this range all we know is that ultimate direction is undecided.

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