MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Compadre who wrote (14381)	5/19/1999 6:18:00 PM
From: StockOperator	Read Replies (1) of 99985

Jaime, The last bar on a 60 min. bar chart (Dow) shows a breakout of the pattern developing the past day or so. The RUT is also beginning to push higher after it's recent correction. Hopefully tomorrow will give us some follow thru. The trannies appear to be the fly in the ointment - worth keeping an eye on. So nice and easy the next couple of days, and the NAZ, which has really lagged lately could be in a position to test this recent consolidation. The generals in that index are also in similar positions. If it continues to plays out this way, June may prove to be an interesting month. Time will tell. SO

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