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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: t2 who wrote (80928)	7/28/2001 11:31:50 AM
From: eichler	Read Replies (1) of 99985

Hi N.V. BTW, congrats on your cool post (and the others too on this thread this week - nice going!) FWIW, I see that we had a low two trading sessions after last Fri's New Moon, and now a rally up to the critical down-trend line. We are at the juncture where, a break out higher from here should spark a rally, or...a breakdown from here should continue the downtrend. Indicators (stochastics and adx) have once again turned positive so I am leaning more on the rally side scenario as opposed to breakdown. The significance of the 2030 approximate level is that is roughly the current location of the downtrend line at this point in time....so yeah, very significant currently.. I don't think 2080 will have any meaningful significance if we can now break up over the downtrend line on a closing basis. home.earthlink.net I'm thinking that if a rally indeed ignites at this point, I will be looking for a high around the full moon date of Aug. 4th. Best Regards, Eichler

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