MDA - Market Direction Analysis Message Board

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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: t2 who wrote (79565)	7/6/2001 2:37:12 PM
From: bobby beara	Read Replies (1) of 99985

nv, as of now we have 92% down volume on naz, pretty good flush, eichler just posted that chart with the parallel down trend lines from the may-june tops and bottoms, that bottom trendline comes in around 1925 on monday, which competely fills the gap from april 17th, if we do have a mini-crashette on monday, that could be a spot for a bounce or a reversal, but i would be careful bottom fishing the vix kept going down while the market was selling off, lot of complacency, now it has reversed big with gaps from a complacent level, indicating volitility is back in fashion. b (i guess i'll see this post linked on COZ by my stalker saying i said something bearish - it's a buy signal -lol-)

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