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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: HairBall who started this subject	1/2/2001 7:30:31 PM
From: gfs_1999	Read Replies (1) of 99985

Monthly Bollinger Bands at NDX always marked a reversal so down band is saying that the bottom is near at 1700 also to reforce it MA 50 works like support at monthly chart now MA 50 is at 2000 but when a bottom is placed prices go just few points below MA 50. Long semi log trendline from 1995 is now at 2098. IMO I think NDX will crash this week or month near 1800 before a major rally. Regards GFS

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