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

To: Casaubon who wrote (27222)	9/25/1999 3:31:00 PM
From: Benkea	Respond to of 99985

Shepler Update: urbansurvival.com

To: Casaubon who wrote (27222)	9/25/1999 5:58:00 PM
From: sean sanders	Read Replies (2) \| Respond to of 99985

Casaubon, In regards to the SPX. I see the SPX as having a weekly H&S pattern in the making and it has either broken the neckline or it at just above the neckline (depending on where you draw your line at ie at the base of the bodies or at the end of the wicks). Daily candles I saw a desc. triangle play out and break on down to compleate that. Also to note is the fact we have stayed under the 200 day simple mov. avg. on friday and thursday we broker it. One thing I did notice is that the dow stayed above the 200 day. And the SnP and the dow made somewhat of a dbl bottom in the 5 min chart but has not crossed above the neckline. Sean