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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: Arik T.G. who wrote (61451)	10/26/2000 10:56:51 AM
From: Death Sphincter	Read Replies (1) of 99985

Arik...here is the deal, if it really is a huge Ending Diagonal up from Oct 1998 for the SP and NYSE...and if 1300 was the end of the 4th wave for the SP, then both the SP and NYSE started their 5th up from there. This 5th will be a large violent ABC initially. If we just saw a 5er up on SP/NYSE..as an "A" wave, then you should anticipate a 50-60-70% retrace "B" to support...then a 5er up for "C", thus completing a 5-3-5 internal structure ABC, with nyse "C" getting above that 651 area lets see if it happens

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