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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.66+0.2%Dec 5 4:00 PM EST
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To: Eski who wrote (56634)7/15/2000 1:13:08 PM
From: bobby beara  Read Replies (1) of 99985
 
eski, looking at msft's chart, the consolidation flag looks bullish to me, it's coming off a period of extreme bearishness and put buying, the flag is on top of a couple of volume breakaway gaps.

here is one WAG based on a bullish resolution to msft earnings (also based on a completed five wave ndx count from the low last week) is that we correct mon & tuesday, and we gap up rally on msft earnings into next friday, which would put in the final top for this swing.
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