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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Kris who wrote (3350)	1/6/1999 8:11:00 PM
From: HairBall	Read Replies (2) of 99985

Kris: 2. Art Cashen on CNBC said that the floor traders are talking about a reverse head and shoulders, not a double top. Do you all agree, or is it too early to tell? Look at the IND (Dow Industrials Theoretical Data) Daily Semi-Log Chart and you should see a reverse head and shoulders pattern. One can see it in the DJI (Dow Actual Data) Daily Semi-Log Chart, but not as well. Look at the chart at the very bottom, it is one of the charts titled INVERTED HEAD AND SHOULDERS AS A REVERSAL PATTERN IN A MINOR DOWNTREND (BULLISH) chartpatterns.com Today's action punched through the neckline...off to the races? BWDIK Regards, LG

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