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

To: Stcgg who wrote (28968)	10/9/1999 10:48:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 99985

Stegg, I have that chart, the S&P, with those trend lines drawn, already. My question was related to the S&P futures, which is what that article that you posted was referring to. The date of that article was Oct. 8 (yesterday). In that article, the writer said, The weekly close below 1292.50 (Dec S&P) suggests a bear market and a weekly close below 1267---when it happens--- will confirm a move down to at least 1215 or lower. All I'm saying is that yesterday's Dec S&P closed at 1332.90. I am not disputing the move of the S&P in the future cause I don't know it!!!!!!! Boy, sure wish I did! I'm just questioning what was meant by "the weekly close below 1292.50". Is he saying, if we get a weekly close of 1292.50 on the Dec futures? Just trying to figure out what the writer was saying . . .