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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 695.17+0.2%4:00 PM EST
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To: Stcgg who wrote (64339)12/15/2000 5:50:21 PM
From: Gary Burton  Read Replies (1) of 99985
 
My2c--Naz to take out Low on a print basis next week after disappointment of no rate cut-traders will sell a Bias change....Also, the move up from the recent low was a 3 wave move-I suppose we could always get a double zz but ultimately the COMP will print sub 2500---Advanced GET is targetting 2370-2430 area for a potential stop and reverse (give or take a few points)--DJIA could rally a bit on Monday/Tues to complete the (e) wave of a B triangle--leading then to new low as well. We shall see.
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