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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Michael Watkins who wrote (48716)	4/30/2000 1:42:00 PM
From: Jerry Olson	Read Replies (1) of 99985

Michael just peeked at the P&F of the NAZ... 3900 would be a double top buy signal...on both the 50 and 100 box charts... with a rising bottom here...if it makes a lower top? it would probably hit 4300/4400 or so..4400 being resistance.... but we first have to print 3900...<G>... on the SPX, there's resistance at 1500 on P&F 15 box chart, the bearish resistance line<G>... lots of whackie looks if you ask me...the Daily SPX chart looks like a hugh triangle, and we're right there...bingo!!! we either move up or down from here... however, i can not see the NAZ moving up if the semis are not participating, as so many think right now... the nets and bio techs are ready to rumble...so who knows.. i think we daytraders..should just keep on doin' what we're doin...and stop thinking period... DOH!!!!!..hahahahahahahah

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