MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: dennis michael patterson who wrote (2766)	12/23/1998 10:47:00 PM
From: HiSpeed	Read Replies (1) of 99985

DJX appears to be forming an inverse H&S pattern with the head being 'the month of' September, first shoulder mid July, and second shoulder forming now. Isn't this bullish? Meanwhile, we do have strong overhead resistance around the neckline ~9300 which also looks like a double top. I think if we ramp through it, we would have a very bullish scenario......jmho BWDIK

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