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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 676.41

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4:00 PM EST

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To: HairBall who started this subject	9/27/2000 9:01:52 AM
From: Temple Williams	Read Replies (1) of 99985

The market looks as if it will have the gap higher opening I suggested at yesterday's close. Because the trend has moved to neutral, I am in scalping mode. Short, quick trades (if at all), based on what I use to enter trades: signals (stos, rails, trend ), filters (EWave, safe trading territory ), and hints (DTs and DBs, Weenie Gaps, Opening Gaps, etc.). I will wait for the trend to turn solidly bullish or bearish to determine my daytrading stance. I do not think the market moves into a breakaway gap higher. It should close the opening gap (although it certainly does not have to). If a breakaway gap does show up, then the s/t low is in for the next two weeks (then we head lower again). It looks as if we may start the day with a good scalp sell setup. Breakaway gap at sellnow.net Glossary of terms at sellnow.net Safe Territory discussed at sellnow.net Trend discussed at sellnow.net

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