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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: NickSE who wrote (12160)	4/27/1999 11:54:00 PM
From: StockOperator	Read Replies (2) of 99985

Nick, It broke it on an intra-day basis but according to my work a break would take it above it's old level. The fact that it closed today at 435.16 and the old high was at 435.30 tells me that on a CLOSING basis that level has not been broken. The close, whether daily, weekly or monthly is what defines the trading for those respective time periods. I will admit that I am only vaguely familiar with P&F. If anything it is nice to know that your system views today's trading as a successful break. Perhaps tomorrow's trading will give me the complete break that I am looking for. Time will tell. Regards, SO

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