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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST
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To: el paradisio who wrote (56486)7/13/2000 9:42:18 AM
From: Les H  Read Replies (1) of 99985
 
I am at 27-73 (Unconfirmed Signals) on the Market Log US so it looks likely an intermediate term top is due by next week. Yesterday, it moved from 35-65 to 27-73 on 3-2 NYSE A/D. Again, I normally need good breadth to work off the buy signals in the list and reach the 80 percent extreme. The S&P 100 is at 76 percent sells and the Nasdaq 100 is at 88 percent sells. The Market Log has reached 74 percent sells twice since May 26 and consolidated short-term trends.
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