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

To: Vitas who wrote (15323)	5/29/1999 10:09:00 AM
From: bobby beara	Read Replies (3) \| Respond to of 99985

Vitas, check out the merrill lynch chart, this follows the XBD chart of coming back above broken support and remaking it a new support. It had a bearish h&s pattern with a base at 83, after it bottomed out it had two big volume bars to get it back above that resistance and remade it support on Friday. This is how the nasdaq reversed out of the October lows, spike reversal back inside the 1500 and made it support, therefore cancelling the millenium crash top pattern that had a measured move to 1000 on the nasdaq.