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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: Gersh Avery who wrote (8678)	3/22/1999 12:31:00 PM
From: donald sew	Read Replies (3) of 99985

Gersh, Since you have an understanding of my system, here is something I am looking for. In the past I have mentioned TECHNICAL DELAYED DIP or TECHNICAL DELAYED RISE. Its like a DOUBLE TOP, but can take 2 forms. One is when the price dips then rises back to the previous peak, but my short-term technicals do not get back to CLASS SELL territory. The other is that the price exceeds the previous peak, and my short-term technicals get back to CLASS SELL territory. The reverse holds true on the BUY side. What I suspect happened last week was the technical delayed rise(2nd form). Now there is a chance that this market runs. What I need to see to confirm this technical delayed rise is for the DOW to go below the previous dip, which in this case is around 9850 which occured in the middle of last week. That would confirm that we will go lower, and that last week was a short-term top. I hope that makes some sense. seeya

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