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

To: HairBall who wrote (30278)10/17/1999 6:22:00 PM
From: Les H  Respond to of 99985
 
Looks like the hurdle for the CPI was raised higher on Friday..

post on MDA with old estimate of 0.3

Message 11531878

new consensus forecast of 0.4

biz.yahoo.com



To: HairBall who wrote (30278)10/17/1999 6:22:00 PM
From: lifeisgood  Read Replies (1) | Respond to of 99985
 
It would be just to simple if the Market followed 1987

I believe it was Mark Twain who said:

History doesn't repeat itself, but it rhymes."



To: HairBall who wrote (30278)10/17/1999 6:34:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
It's usually not a good sign for the very short term when the averages close outside the lower trading bands as the Dow and SPX did on Friday. They've both closed below their daily and weekly 28-period EMA 90% trading bands and also the daily and weekly 20-period Bollinger Bands. The Nasdaq would have to break below 2670 to break below its trading bands.


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