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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.21-1.1%Nov 6 4:00 PM EST

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To: Temple Williams who wrote (76211)4/30/2001 12:28:47 PM
From: HairBall  Read Replies (1) of 99985
 
TW: GE moved up just enough to finish filling the Dec 19-20, 2000 gap down (50.12) a good proxy for the NYA. The COMPX (Naz Comp) moved up to the upper boundary line of the 3/8-9 gap down (2161.41), both good places to get intraday pivots, albeit both came a little later in the day than expected.

My publicly posted long trades on 4/3-4 have done well. The NTAP trades have resulted in over 130% gains so far recycling the position only twice. The CSCO trades did not fair as well but I'll take above 50% gains with only two recycles.

This multi week rally continues to look strong, but as expected the pullback has proven tradable already with issues such as QCOM, EMC, YHOO and GE and I expect NTAP, CSCO and a others to follow. I will be prepared if it extends.

Regards,
LG

PS: I still enjoy reading some of the folks that choose to continue to post their work on this thread, but MDD is far from being what it use to be and still could be.
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