MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

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To: StockOperator who wrote (7820)	3/9/1999 10:18:00 AM
From: donald sew	Read Replies (1) of 99985

StockOperator, >>>>> We are literally at that "do or die" position on many charts. So there is a possibility that today we will see a major move up across the board, or perhaps Greenspan will once again attempt to talk the markets down. <<<<<<<< Frankly, I just dont think we are at that critical point, since I believe we will just zig-zag some more with the bias to the upside. We can still move up after a small dip over the next few days, but it will be on weak legs if new highs are set. I think there is still time to determine the direction in the future. As for this dip, its a flip of the coin if it starts selling off immediately or if it take a day or 2 to top off first, but for now I dont think this dip will amount to alot, at least not yet which should precede the ZIG-ZAGGING pattern with a slight incline. This slight incline could take the DOW closer to 10000, keeping in mind that 10000 is only a few hundred points away - hey we could do it in 1-2 days. Watch out for early APRIL, and thats based on the 9 month cycle - that could be a main turning point to the downside. seeya

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