MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Crimson Ghost who wrote (46200)	4/14/2000 12:04:00 PM
From: Fun-da-Mental#1	Read Replies (1) of 99985

I think there is now major resistance on the COMP around 3650 because of the previous panic low last tuesday, the 200 dma, and now the gap down. Since it seems we are breaking price support at 3450-3500 (from previous high and gap up), the next big support is at 2900. So I'm guessing we go down to 2900, back up to 3650, then down again more slowly in a real bear market. 207.61.23.98 Fun-da-Mental

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