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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST
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To: ciVic who wrote (60103)10/7/2000 9:13:28 PM
From: sandiegobear  Read Replies (2) of 99985
 
ciVic, I think you're right on support but it's close. The NDX DID break the Oct 98 trend line last week but not the Oct 99 line. The SPX is sitting right on the 98 trendline and what's interesting is that both the NDX and the SPX are at the intersection of the longer term trendlines and the recent center tine of the fork from the July high. Even more, the SPX is also on the lower tine of the monster Oct 98 fork. It better hold here.
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