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


To: Arik T.G. who wrote (5295)2/3/1999 7:41:00 AM
From: Moominoid  Read Replies (1) | Respond to of 99985
 
If you draw a lower trend line on SPX from 8 Oct through the recent lows and an upper one from Aug 97 through Apr 98 and Jul 98 the two collide about 1 month from now at about 1350.

Of course something new could happen and we could break above that upper trend line (which is also about tangent to my 34 week Bollinger Band). But it would make sense as a turning point/top.

David