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


To: t2 who wrote (80265)7/15/2001 11:14:55 PM
From: SouthFloridaGuy  Respond to of 99985
 
Best guess is that 200 day EMA will represent resistance on S&P500. If the Japanese model is to be replicated, then 1325 represents a long-term top and the current move upwards should stall at around 1280 as we have already failed the first move back in mid May.

What that means is that in a very short-term context we have 5% more to go upwards on the broad market. I expect the rest of July to be good with a major downward trend to resume after Labor Day.