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

To: HairBall who wrote (66586)	1/11/2001 2:29:49 PM
From: JRI	Read Replies (2) \| Respond to of 99985

What # was last Thursday's high? 2636? eom

To: HairBall who wrote (66586)	1/11/2001 2:31:52 PM
From: Stephen M. DeMoss	Respond to of 99985

LG., I am trying once more at 6211/16 with a stop at 631/8. There is allot of resistance at the 63 level. If it breaks through there, good night! Steve D.

To: HairBall who wrote (66586)	1/11/2001 2:50:33 PM
From: JRI	Read Replies (1) \| Respond to of 99985

LG- Don't know if we are going to fade here...and then rally back up to highs....or just fade some.. But I am expecting an up morning tomorrow....after breaking the 3 day hex...however, I would expect that up morning opening to get sold, and for us to finish lower.... After all, we've come a long way, in, gulp, 3 trading days and an hour......taking 2646, that would be 15% move...time for rest, backfill, consolidation, whatever... My question: Are you expecting a spike up tomorrow, putting us between 2646-2700.....or do you think the buck stops at 2646? I am reckoning that we test (at least) 2646 ONE MORE TIME...either today or tomorrow....we seem short-term overbought...but its been a nice move, and I figure it won't be given up without a fight...hence, bouncing off some resistance level more than once....2646? Your views here?