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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (26113)9/16/1999 5:43:00 PM
From: sean sanders  Read Replies (1) | Respond to of 99985
 
Matt and All,

I heard you mention rally so I thought I'd give my 2 points worth.

The line I drew on my dow chart shows that it closed below a common trendline (ie it has tried to close above this line before although lower wicks tended to vary).

Also the spx closed outside of a sym. triangle (if that is what it is). It closed to the downside I might add.

Sean



To: Matthew L. Jones who wrote (26113)9/16/1999 6:23:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
Matt the weather ruined my scenario. I was hoping for an up day and piling up of calls until tomorrow PM.

Today action only brought in more weak put buyers and scared the senseless fast talking bulls <G>.

Many unwinded position today instead of tomorrow another negative, so we got an unwanted or unexpected draft of 180 DJIA points down which would had a multiplier effect on Monday.

Well who said it is all that easy <G>

BWDIK
Haim


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