MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Challo Jeregy who wrote (12961)	5/5/1999 3:33:00 PM
From: donald sew	Read Replies (1) of 99985

Challo, Many will consider the intraday reversal as very bullish, but in candlestick talk it could be a HANGING MAN if we close near the HIGHs of +40. Also if we close positive slightly it would be a BEARISH HARAMI, although an imperfect one. There is a part of my short-term analysis that implies that this dip which started 2 days ago is not yet over, and we could get back as high as the previous peak at 11,000+, with the likihood of forming a mini DOUBLE-TOP. If we set a new high, then that would negate my CLASS SELL signal. seeya

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