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

To: bearshark who wrote (32332)11/5/1999 8:04:00 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 99985
 
You are correct... of particular interest, look at the SPX chart you posted... if we get unfriendly numbers and gap lower today, then we have a five day island reversal.. very negative... but, if we continue higher, preferably a gap higher opening, then we can use that five day island gap as a measured move into the eventual high of this rally.....

GZ



To: bearshark who wrote (32332)11/5/1999 8:26:00 PM
From: Chip McVickar  Read Replies (2) | Respond to of 99985
 
Bearshark,

I noticed this chart action developing that you just pointed out. Here it is again with todays close.
beta.iqc.com

What is the significance......it appears to be very bullish.
But with the Microsoft news what do these patterns tell us?

Chip


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