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

To: el paradisio who wrote (77533)5/29/2001 12:12:00 PM
From: eichler  Read Replies (1) | Respond to of 99985
 
I was looking at what I thought was a clean rising wedge pattern on the daily compx as of 5/9. It broke...I thought then retest of the lows....did not happen. 30 ema on the daily chart caught the price and arrested the decline. I expect the same here. I would say that if price breaks much below 2150...then
retracement targets on the downside should be looked at.
Still looks OK to me now.



To: el paradisio who wrote (77533)5/29/2001 12:15:19 PM
From: t2  Read Replies (2) | Respond to of 99985
 
Can't believe that CNBC gives this bearish outlook from Trimtabs such time.
These guys run a hedge fund!
They use inflows/outflows to determine direction of the major indexes and that is how they place their bets.
It gets presented on CNBC as some independent research!

A case of conflict of interest?
Brokerage analysts would not be able to get away with this much to this degree.


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