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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

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Nov 28 4:00 PM EST

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To: Steve Swanson who wrote (13536)	5/11/1999 2:30:00 PM
From: donald sew	Read Replies (2) of 99985

Steve, >>>> >>>My DOWN-MO has a reading of 1<<< Haven't heard this term before. Is this something you can share? <<<< My MO-MO indicator is an intraday momentum indicator based on the rate of change of the TICK compared to the DOW. Its only for intraday usage. DOWN-MO = down momentum and UP-MO= up momentum. Normal reading are about .5, and when it gets to 1, that means the momentum in that direction is strong. It is a hint of either what the next few minutes may do or how it may close. seeya

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