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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: pater tenebrarum who wrote (15655)	6/2/1999 7:53:00 PM
From: bobby beara	Read Replies (2) of 99985

Heinz, I'm going along with j.o's call of a wave four on the spx, we are consolidating above a really important support for the spx, the internets, etc. that the bulls don't want to give up, volume is low during this consolidation period and we are waiting for the break, given the bullish sentiment and the 9 month cycle bottom ahead I believe the break will be to test the 1215 area of the spx. Given the bull bear fight in this thread going on, I think we are at a decision point and we should break one way or another maybe on friday's eco numbers, yesterday McOscillator gave a minor change reading which implies a big move in 1-4 trading sessions. bb

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