MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: da_cheif™ who wrote (4259)	8/30/2000 1:39:36 PM
From: Bull RidaH	Read Replies (1) of 19219

D.Duhbya... That topping pattern at Monday's high targeted 1500spx for the next turn... Is that why you chose 1503.5? Favor's daily cycles have inverted here, generating sell signals. Those are comprised of 16,22,26,36 & 73 day cycles (both high & low). His weekly cycles are lining up cycle highs both last week and this week, which confirms to me if we can clear this week's highs next week, we're off to the races with an inversion. His weekly cycles consist of 11, 41, and a couple others that I don't have in front of me right now. U ever looked at his cycle work? I continue to give the upside the benefit of the doubt due to the diamond pattern upside breakouts that project much higher movement. Plus my favorite analyst is still pimpin tha long side. <g>

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