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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.04

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Dec 9 4:00 PM EST

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To: donald sew who wrote (5309)	2/3/1999 9:26:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

Thanks Don, I love that we now have a central place to compare charts as we discuss them here. " a picture is worth a thousand words" no? As I said, the DOW, OEX charts can be done the same way and will reflect that tonight but I figured I would leave the DOW as is for now so we could all see the upward fork was violated yesterday as you pointed out. The futures thread is looking at a 1215 low which would imply that my middle tine on the mid term fork not hold. That would not be a good sign for future events. Will this grind continue or will the AG not raising rates give a bounce later today? Futures trading around 1260 right now. It should trigger sell programs off the open. Have to go to work, good luck all. EDIT- Just looked at my DOW chart, connecting the low of Oct 28th and Dec 15 gives a soft support line around 9050 for today since I think the odds of the other support line around 9225 won't hold this time. Lee

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