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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

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To: HairBall who wrote (48011)	4/25/2000 1:24:00 PM
From: DOUG H	Read Replies (1) of 99985

. It is in play because it was a strong pivot (reversal) point at the low on 4/4. (3525.44) I also have a falling resistance line in play in that same range as well. Hi LG, been lurking for a while and wanted to test my thinking. Re: your above post. 3250 provided a bounce yesterday yet the trend line off the fake-out rallies seems to be overhead resistence at 3600. Am I seeing that right? Also, if there is not a breakout from 3600 can we expect 3250 to hold again?

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