MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.93

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Nov 14 4:00 PM EST

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To: Jon K. who wrote (1969)	12/15/1998 9:53:00 PM
From: stockycd	Read Replies (3) of 99985

Jon K., I had the same observation regarding the TICK. Seemed like each time it popped over 0, it went negative again. It went from under 200 to 414 in the last 10 mins of trading. As I have said before, I think we will see lower prices. The DOW and some of the other indices have room to run. I put a cap on the DOW at 8883-8933 intraday. Any move above that will signal higher prices. As for the McClellan Oscillator, who knows. Look back at the period around 7/25/98. It spiked up only to fall a few days later. I'm staying negative on the market until the DOW rises above the short-term downtrend line LG mentioned in a previous post (connect the highs of 11/30, 12/8, 12/9, 12/10. At that point I'll turn cautious. My opinions only... Chris

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