MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: JRI who wrote (69304)	2/16/2001 11:03:30 AM
From: HairBall	Read Replies (1) of 99985

JRI: Looking at the normal trading day charts, the COMPX is testing the upper line of its previous falling channel trading just inside. The 90 Log RTC support line is in the range of the 1-8 low today, double support in that price area. The NDX while testing its previous down channel is trading above, the QQQ is doing the same. The NAZ 100 Emini is trading well back inside its down channel, tested the 78.6% retrace level (2335.78) and bounced. Off to put the Cruiser in the shop. Hopefully I'll be back to keep an eye on the markets later. Be sure and keep plan A, B at the ready...<g> Good trading everyone... Regards, LG

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