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

To: GROUND ZERO™ who wrote (15640)	6/2/1999 5:24:00 PM
From: briskit	Read Replies (1) \| Respond to of 99985

That 1280 level was resistance in January and February, on three attempts, but was broken through to be first tested as support in March. A little over 2 months later we are testing it again. Until May 24 the 50 day EMA provided solid support. In March we actually broke the 1280 level to find the 50 EMA. We are 20 points below it today, but above 1280. Maybe that's the back up now to the 50 EMA.