MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: Challo Jeregy who wrote (3339)	1/6/1999 3:25:00 PM
From: donald sew	Read Replies (3) of 99985

INDEX UPDATE ++++++++++++++++++++++++++++++= With the market up so strong, my short-term technicals are now a CLASS 2 SELL, not a CLASS 1. The buy-in time would be tomorrow's highs, but if the market is up again then it would morph into a CLASS 1 with the BUY-in day at FRIDAY's highs. There should be some sort of short-term dip, mainly for profit taking - nothing much. I think the next short-term top would be stronger in nature. For the time being I will still stick to my mid-term top to arrive near JAN 15-19(FRI, MON, TUE). For the year I am sticking to 10% down & 10% up for the range. Seeya

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