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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

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Nov 18 4:00 PM EST

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To: Arik T.G. who wrote (6382)	2/16/1999 9:28:00 AM
From: HairBall	Read Replies (1) of 99985

Arik T.G.: Regarding the DJI falling wedge, I would not discount the possibility that it could morph into a bullish flag. To keep an eye on this possibility draw an upper descending line parallel to the lower descending trend line of the falling wedge. A significant breach of this upper descending line parallel to the lower descending trend line of the falling wedge would portend higher highs. IMHO Note: With Globex up this AM, on my DJI (Dow Industrials Actual) the upper descending tine of the pitchfork and the adjusted upper descending trend line of the falling wedge is in jeopardy of being penetrated. BWDIK Regards, LG

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