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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

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Nov 26 4:00 PM EST

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To: pater tenebrarum who wrote (13127)	5/7/1999 2:06:00 PM
From: bobby beara	Read Replies (1) of 99985

Heinz, wow what a pullback in the XAU, i just another moo in the zoo -g- investorsalley.com The XBD top is looking exactly like trader alan's seek sample and we got some upgrades in nutz brokers today that is creating the mini-double bottom, if this plays out in a similar way the rally should last just a few days and then begin the turn down. After comparing the broker index, which has a much clearer correction from the late november top, to the internet indexes, I would say that we should have a five wave top in mid April, with parabolic spike tops in late nov, mid jan, & mid April. After the Jan top, I had thought that the internets were making that declining triangle as described by trader alan, however it failed and resolved bullishly, lets see how this one works. Merrill Lynch broke thru a small h&s pattern on sizeable volume. bb

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