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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: Peter Yang who wrote (3854)	1/13/1999 12:24:00 PM
From: donald sew	Read Replies (3) of 99985

Peter, >>>>>> Anyone expects another sell off today? Or are we up from here to new highs? <<<<<<<<<<< Per the JAPANESE CANDLESTICK which is a proven system for hundreds of years, todays formation in the NAZ, so far, is called a "HANGING MAN" which is a significant reversal signal to the downside. Most people feel that a strong intraday rebound is a confirmed signal of strength, however on a statistical basis, such days like today are actually confirmations of further decline. Im talking on a statistical basis. Sure there is still a chance that the market can move up strong, and I will be one of the last to say Im positive of anything; however the probability is in favor of some more decline, before reversing back up.

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