MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

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To: a. paisley who wrote (83624)	1/4/2003 12:36:58 PM
From: bobby beara	Read Replies (2) of 99985

stockcharts.com[w,a]daclyyay[df][pb21!b200][vc60][iUb14]&pref=G i posted this chart here back in mid october and said that anytime the 21 dma of p/c ratio had gone that far from the 200dma and turned down the rally lasted until the 21dma had moved above the 200dma, well the 21dma has done that and turned back up in early december, this is the point where in the past the market has broken support and the bears have taken control of the market and the 21dma has crossed back above the 200dma. the bears failed to break support, and the market ran the other way 250 points (albeit on low volume) if the santa non-rally was a bear trap and the market has started a new up-move, it would be a definite change in character as the 200dma cboe p/c ratio is now flat.

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