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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Arial who wrote (46944)	4/17/2000 12:08:00 PM
From: Arial	Read Replies (2) of 99985

This simple chart would have told the greedy to lighten up . . . . . . bigcharts.com Draw a line connecting the '90,'94 and '98 lows. Draw a parallel line from the 1987 top (Fibonacci 13 years, by the way). When the parabolic move in the $COMP pierced that line at 5000 it was like ringing a bell. Draw another parallel line from the 1987 low (fork). The $COMP is currently sitting on that resistance. Also notice that the '98 low bounced off a line connecting the '83 and '94 highs.

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