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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

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Nov 17 4:00 PM EST

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To: HairBall who wrote ()	6/24/2000 11:27:00 AM
From: HairBall	Read Replies (1) of 99985

A chart for the weekend. I don't post charts of my OMC Index very often, but I thought a chart of the closing prices proved very interesting... My QChart OMC (Overall Market Composite Index) Daily Closing Prices - Semi-Log Chart marketdirectionanalysis.homestead.com I would be interested in seeing Eric Stevens' P&F Chart of my OMC Index...what do ya say Eric...<g> ------------------------------------------------- My QChart Trend Lines My charts are screen captured at (1024 x 768) and are best viewed at that resolution. Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines (SRLs) are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. Light blue lines are previous formations, but on occasion are used to depict longer-term formations as well. Note: Some of the trend lines that appear on my charts may have been establish by one or more price action points not shown in the current view or snapshot. ------------------------------------------------- Have a great weekend everyone. I will be updating the charts on my web site this weekend. I will post a notice on MDD as usual when I am done. Regards, LG

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