MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: bobby beara who wrote (57047)	7/22/2000 3:02:13 PM
From: UnBelievable	Read Replies (1) of 99985

The Dates You Mention Are 2001? the rising wedge is either a sign of exhaustion or a consolidation for breakout, earnings should give the answer, for now i'm looking at the ndx having an abc correction into 4/14 and ABCDE correction from there into 7/17, we should now get another ABC leg that will bring us to new lows in the ndx, the count on the mrvc rising wedge may have finished with the high wave candle on wednesday above the trendline and the doji session on thursday.

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