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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Ken98 who wrote (24826)	9/3/1999 3:01:00 PM
From: donald sew	Read Replies (1) of 99985

Ken98, <<Phil Rones, an official with the department's Bureau of Labor Statistics, said seasonal quirks factors heavily affected the figures. ''The simple reason for the manufacturing decline is...they went up so much last month,' he said. <<<< A strong correction will eventually happen, and I believe we were very close today. If those numbers were negative, I would have expected a strong selloff with many indices breaking support lines to the downside. When I first heard such a low number, I immediately suspected an anomoly which appears to be the case. For all these experts to be off their numbers by more than 50% did not seem reasonable. If I remember correctly, last months numbers were near 300,000 and today's was around 100,000 so if you average the 2 together it would be in line with what was expected which was around 215,000. seeya

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