MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

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To: Compadre who wrote (16043)	6/4/1999 9:14:00 PM
From: stockycd	Read Replies (1) of 99985

jaime and thread, My VERY short term fib retraces have the DOW at 11000. The SOX put in a bullish engulfing candlestick pattern today. OEX, SPX look great. Even if this is a stair step, SPX 1350 is the short term target and there is money to be made. Semi-sector will continue to ignite. Even DELL's 60 minute chart is showing signs of hesitation. My time projections for this rally are until about Thursday/Friday. The selling should start prior to the CPI announcement. Covered all shorts this morning. Will try and post more analysis later in the weekend. SPX, NASDAQ, techs--hourly charts looking real good!!! Chris

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