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: JRI who wrote (74863)	4/13/2001 3:04:45 PM
From: Les H	Read Replies (3) of 99985

So far, the SPX and NDX are still on buy/hold until the MACD crosses over to confirm stochastic crossover IMO. If your plan is based on support/resistance or ewave or other price targets, then you should act accordingly. If your plan is to wait for a turn to exit, then I think it's not clear yet to exit. It also depends on the time frame you use for timing. Below are 60 minute charts. 207.61.23.99 207.61.23.99 We're at resistance on a lot of the indices. I was looking for mid next week for a top per options expiry, 10-week cycle, and progress of the database signals and have cut back 50% so far. Right now, MSFT appears to want to lead the market higher. 207.61.23.99

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