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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: Haim R. Branisteanu who wrote (18219)	6/22/1999 10:36:00 PM
From: Vitas	Read Replies (1) of 99985

Haim, I like it easy. As long as it works. <g> So far we are fitting the pattern of the serious declines we had in '96 '97 and '98 - down hard during one expiration month, a pause, and then ??? My intermediate term oscillators are below zero heading towards the zero line. One or two weak days should roll them over heading back down again. A new high new low system, which last gave sells on 2-1-99 and 5-12-99, gave a sell on today's close. The Bradley indicator is headed straight down into late July. Most of these stock "breakouts" came on 13 day RSI under 70. Today had the feeling of a very nice reversal day. Hitting the 200 day moving averages would make me happy. (7 to 1 on the OEX July 670's). This better work or Larry's going to give me a dunce hat. <g> Vitas

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