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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

+0.1%

Nov 12 4:00 PM EST

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To: Stcgg who wrote (62130)	11/10/2000 10:28:35 AM
From: Death Sphincter	Read Replies (1) of 99985

the NAZ is undoubtedly looking very bad, no question about it, it STINKS even worse than me. it has 2000's written all over it. but we are TRYING to time it aren't we? Yes, it could do it now, relatively speaking. but I just keep seeing the NYSE,SP in an Ending Diagonal, a rising wedge in conventional TA lingo, and it just looks to me that they have another move up remaining. And the DOW has its 5th up to complete. The weakness and deceleration of spectacular of earnings growth in many of the hotshot NAZ guys is an anchor...and this anchor is carrying over into SP chart and causing this 'yo-yo' looking sharp up and down series of waves. It is consistant with the Ending Diagonal topping process LOOK. If NAZ is to snap 3k it really ought to do it NOW, if it doesn't then you SHOULD have the alternative move close at hand and watching for it....either to unload short positions that you may have and/or be assembling a long side play. just trying to guess it right Stains

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