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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.73

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Jan 26 4:00 PM EST

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To: Gersh Avery who wrote (10785)	4/13/1999 10:23:00 AM
From: Patrick Slevin	Read Replies (1) of 99985

Real briefly, as it's late.... There were two patterns the Dominant one was to Sell it just before 10 EST (I did) and hold until 10:15, 10:30 (I didn't, but I made a couple of bucks anyway). The Key time from 10:15 to 10:30 would be the "tell". If the market firms it would move higher finding it's High around 2. The choppy period could go from about 11 to 12:20. The failure of the Market to find Support by 10:30 ish will see the day's Low either around 11 on a quick Sell or more likely later around 1 or as late as 2:30 The key from my point of view is how well the Market holds up in the next 10 minutes or so as to whether the "Best" trade today is from the Long or the Short side.

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