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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.19-0.8%Nov 18 4:00 PM EST
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To: donald sew who wrote (2961)12/30/1998 5:20:00 PM
From: Vitas  Read Replies (1) of 99985
 
Hi Donald, the McClellan oscillator and summation patterns
comparison described in this post:

Message 6957723

continues to hold. As long as the oscillator continues to head up
from the zero line, the presumption is that we are in the second leg
of the 4 year cycle bottom, similar to January 1991. Therefore, although we are overbought by many measures, we could stay
overbought for awhile.

If it starts to breakdown from that pattern, then we have a different
situation.

Vitas
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