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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Compadre who wrote (159)	12/3/1998 1:43:00 PM
From: donald sew	Read Replies (2) of 99985

Jaime, >>>>>>> : Is you class 2 buy from yesterday still on? <<<<<<<<<< As indicated in my index update, as long as yesterdays lows holds (8955), then the buy-in point is todays lows which is about the same. If 8955 does not hold, I will get a CLASS 1 BUY signal which will indicate that the BUY-IN point will be the following days lows, or could start immediately. In either case the latest the market should rebound is after tomorrows's lows, but could be now if 8955 is not broken. Be careful with going long. If 8955 holds, we will have 3 days in a row with the lows and highs of each day near each other, hinting that we may be developing that STAIRSTEP, which would limit the upside.

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