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: bobby beara who wrote (14881)	5/25/1999 3:20:00 PM
From: j.o.	Read Replies (1) of 99985

Bobby - 1295 would make this downmove (starting from 1350) equal to the first wave down in the S&P (roughly 55 points from 1375-1320+). Also, the subwaves within this wave 3/C down from 1350 point toward 1295/6. Perhaps we will see a small bounce there - chance of testing that 50-d EMA before we see just how long people are in the NUTZ. j.o.

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