MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: bobby beara who wrote (53903)	6/13/2000 6:44:00 PM
From: HairBall	Read Replies (3) of 99985

bobby beara: It looks like the bullish flags are going to rule the day. Let's see if the rallies follow through tomorrow. Futures are suggesting they should, at least as I type...<g> A move above 3982 on the NAZ will provide a higher high and remove lower highs from the decline's ammo box...<g> A move above 662/3 for the NYA will continue the higher top process and be very near a new all time high. A move above 1482/3 for the SPX would render a higher high as well. All within striking distance...<g> I think we should keep an eye on Russell's Dow 10740.9 median line as well. (At least 10740.9 is my 50% figure.) Of course, Greenspan's speech today (hinting no rate hike)...did not have anything to do with the rally...<g> I still need to down load my end of day stuff and take a good look at my intraday stuff as well. Regards, LG

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