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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

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Nov 25 4:00 PM EST

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To: HairBall who started this subject	10/5/2000 11:04:37 PM
From: Stcgg	Read Replies (2) of 99985

Steve Hochberg's Elliott Wave Scenario - Steve Hochberg is an Elliott Wave analyst with Elliott Wave International, his view over the coming weeks is as follows - Expect the Naz to begin an accelerated, cascading drop in a Wave 3 decline to 2500 over the next 2-5 days.. Expect the Dow to reverse sharply higher over the next 1-3 days with resistance at 10985-11018 and 11033-11111.. The next move is expected to be sharp and higher, however the next move could be sharply lower towards support of 10441-10490 and 10334-10385.. Should prices fall below 10334, panic selling would ensue.. The next move for SnP is towards resistance of 1469 then a hard down in a Wave 3 of 3 decline.. elliottwave.com >><<

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