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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.10

0.0%

Jan 23 4:00 PM EST

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To: donald sew who wrote (4509)	1/22/1999 9:20:00 AM
From: HairBall	Read Replies (1) of 99985

Donald: You assessment of the importance of the latest low is correct, IMHO. It is the top of the inverted flagpole of the bear flag just resolved. However, to complete it needs to move down below the flagpole top. (9087 per the DJI Actual Data) This would also go a long way in completing the last shoulder of the H&S pattern in progress as well. Support areas are listed in my last posting to you, I believe. I told Bobby the beara, back in July, that the “internutz” would be the last to give it up and once that happened that may well be the signal of a major correction. BWDIK Regards, LG

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