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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: bobby beara who wrote (20120)	7/14/1999 2:41:00 PM
From: donald sew	Read Replies (1) of 99985

Bobby, >>>> It appears that we did have a buying climax with the shooting star on July 5th, but we are working off the excess with a trading range and the momentum generated with the Greenspan mega week (similar to the Greenspan mega week off the october lows) will send us higher. <<<< Im in agreement. Statistically the last week of the month and the 1st week of the next month are commonly up, which is more finely defined by the end-of-month rally. Greenspam speaks next THURs, so rally after his announcement would fit in nicely. However, I am not expecting a rally in all the indices/sectors, just some of them. You know, that good old sector rotation stuff, but thoses sectors running could run-up very hard. Just not all sectors. For now, I am suspecting that the TRAN/XAL/BKX/XBD may be the laggards. seeya

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