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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.69

+0.2%

Dec 5 4:00 PM EST

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To: Mike M who wrote (57006)	7/21/2000 6:46:32 PM
From: bobby beara	Read Replies (1) of 99985

Mike, with the rydex ratios double topping with the march high on 7/14 + plus a week of extreme put/calls, and turning down after fibonnacci 55 day - 7/17, i'm thinking this breakout above resistance is going to be a fakeout breakout like the 6/20 breakout was and we should be in for at least a couple of weeks of correction, the nikkie has what looks like a bearish wedge, sony adr broke out of it's wedge today and the hang seng is way overbought and probably making a double top here, some of the asian currencies are looking a little funky. since lg spoofed the clown thread big time yesterday, i'm taking that as a contrary indicator, watch out the sky might be falling -ggg-

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