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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.81+0.6%Jan 6 4:00 PM EST

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To: sargent who wrote (26153)9/17/1999 12:02:00 AM
From: Terry Whitman   of 99985
 
>Have not posted in over 6 months on this thread (I think),<
Well don't wait so long next time. It don't cost nothin' <g>.

I am a contrarian at heart, but a technician to the core. Both sides say we bounce here. The technician says it may just be a pre-crash hitch, though.

Inflation kills bull markets, and the herd is starting to get the picture. When it starts hitting folks in the wallet (Gasoline, credit, housing, insurance, taxes), they start to notice.

The massive amount of credit now outstanding has caused the public to become aware of higher rates. Three bumps and a stumble is the rule.

My cautious attitude does not mean I would not go long under the right circumstances. My LT money stays out of this insane market though.
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