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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 20 4:00 PM EST

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To: coug who wrote (9482)	3/30/1999 11:21:00 AM
From: donald sew	Read Replies (2) of 99985

Coug, >>>> I always wait until the "big opening".. But How does that affect the rest of the day?? Just thought of that?? Never looked into it.. <<<<< Statistically, I have not kept track of that so I dont know. If the DOW bounces up and closes flat, that would form a DRAGONFLY DOJI, and if the DOW rebounds but still closes slightly down or even slightly up then that would be a HANGING MAN. If the DOW closes near the lows so far it would be BEARISH HARAMI. These are all candlestic reversal signal. In other words, it will be difficult for the DOW to avoid giving a reversal signal per the CANDLESTICKs today. The DOW would have to close positive 50 and above to negate these possible candlestic reversal signals. As to guess how the rest of the day goes, heck if I know, but the liklihood of a candlestick reversal signal today is high. seeya

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