MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.40

+1.2%

Jan 21 4:00 PM EST

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To: flatsville who wrote (51244)	5/19/2000 11:34:00 AM
From: HairBall	Read Replies (2) of 99985

flatsville: Well I follow the NAZ Emini (NQ00M), but I think 3300 is in a bonafide support area range. By the way, all support/resistance areas are psychological...<g> Do I think 3300 will hold...NO! However, I think we may get a intraday rally here...my intraday stochastic indicators: 15-min oversold, 30-min oversold, 60-min approaching oversold. (By the time I get this response typed and posted a bounce will have already begun.) How well the 3300 area holds may tell us if a retrace (more than a bounce) will occur either before or after the May 10th low is tested! Regards, LG

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