MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: HairBall who wrote (67161)	1/18/2001 5:21:10 PM
From: KymarFye	Read Replies (2) of 99985

LG, I believe the candlesticks on the Value Line Geometric would read as quite toppy: A rather classic-looking "stalled pattern" completed yesterday, leading to a "hanging man" (i.e., "hammer" at the end of an uptrend) today. Message: Market vulnerable, bulls running out of gas. I have no doubt that you can detect some other rather ominous signals on the chart on your own. Normally, before acting on a candlestick formation like this one, you'd want confirmation in the next session.

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