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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: HairBall who started this subject	9/19/2000 4:39:43 PM
From: Temple Williams	Read Replies (4) of 99985

I expect the market to continue further south from the start tomorrow. One fly in that mental ointment is the possibility that the corrective structure did not actually complete today, although I show it as occuring. But it could easily stretch and extend further in a more complex "a-b-c-d-e" structure rather than the simple "a-b-c" I have shown. But today, once again, is a victory for the bears, not the bulls, despite the large rise in the NASDAQ index. The validity of this will be tested tomorrow. If the S&Ps do not move higher than today's top watermark (1482.80), then the bears continue to claw away at the foundation of the market, and the March highs will continue to be THE highs. Last updated chart from the site: sellnow.net

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