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


To: HairBall who wrote (34606)12/3/1999 7:20:00 AM
From: KeepItSimple  Read Replies (3) | Respond to of 99985
 
You just dont get it, do you? There is NO WAY IN HELL the markets are going down this year.

Read this, and then tell me if you're still crazy enough to short anything until January.

nypostonline.com



To: HairBall who wrote (34606)12/3/1999 8:39:00 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
To All: The futures reversed strongly, did the report come out and if so what did it say.

The news may negate my technical expectation, let's see!

EDIT:

U.S. Economy Added 234,000 Jobs in November; Jobless Rate 4.1%

Washington, Dec. 3 (Bloomberg) -- The U.S. jobless rate held
at a 29-year low of 4.1 percent, wages rose less than expected
and job growth slowed in November, government figures showed
today....


bloomberg.com

Regards,
LG



To: HairBall who wrote (34606)12/3/1999 11:02:00 AM
From: Compadre  Read Replies (1) | Respond to of 99985
 
LG,

I did see the wedge in the 30 min charts in the SPX. But I opted to play the bigger wedge in the day ly charts. The top end of this wedge is close to 1470 (eye balling it)

regards,

Jaime