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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.72

+0.7%

Jan 5 4:00 PM EST

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To: Tom Pulley who wrote (83868)	6/3/2003 6:13:42 AM
From: Hawkmoon	Read Replies (1) of 99985

I don't really know if that is a meaningful formation, but at least it was down day! (vbg) Well, we should retrace at least to $28.50 on the QQQ, in order to maintain the bottom arm of the Channel. And if you're really lucky, you might get $26. But the intermediate term trend (through 2003) definitely appears up. Hawk

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