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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Smooth Drive who wrote (1653)	12/14/1998 8:30:00 PM
From: HiSpeed	Read Replies (1) of 99985

Excellent post, Eric! From a PnF stand point and looking at the 20 x 60 DJIA chart....it looks like today the dow tanked right through the BSL. When this happens do we go to the next chart? I ask because it looks like the market went through the 8740 BSL significantly. From a PnF stand point and looking at the 50 x 150 DJIA chart, would you say the BSL should hold (8700) or the ST uptrend (8500) will hold? And if we fall through those the next level of support is around 77-7800. Correct? I recently bought Dorsey's PnF book so I hope to contribute from this view soon. TIA

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