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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 692.06-0.3%Feb 10 4:00 PM EST
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To: HairBall who wrote (36617)1/4/2000 4:44:00 PM
From: pater tenebrarum   of 99985
 
LG, indeed...fact is the majority of the talking heads was busy proclaiming the new era and expectations of money on the sidelines entering the market post y2k were bandied about.

and i'm on the same page with you regarding the preceding rally being a massive distribution effort that went further than expected...as was well documented here, the Fed had a big, if probably unwitting, hand in that. the proof is in the pudding...the first day of repo's not being rolled over and the bottom falls out.

regards,

hb
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