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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: donald sew who wrote (25651)	9/14/1999 4:39:00 PM
From: Cynic 2005	Read Replies (3) of 99985

Howdy Don! I have noticed the new lows yesterday also. Unlike many of you who follow a specific set of signal, I track things in a whishy-washy, unorthodox way. Though it worked very well till late 1997, since November 98 to early this year I have made a fool of myself with my market calls. So, I stopped making any such calls for some time. But today I have had an incredible urge to prove my foolishness one more time! -g- Here it is: As of today's close - I am sensing a massive sell-off in the cards for the next 2-3 weeks. In addition to my being fundamentally bearish, my main technical indicators this time are: 1. Extremely sloppy NH/NL 2. Weak banking stocks (combined with stronger Yen and weak bonds) 3. Blow-off top (indicated by SOX) more details at #reply-11248680 The game is over for perma bulls. Fasten your seat belts.

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