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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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To: Les H who wrote (26862)	9/23/1999 4:50:00 PM
From: Matthew L. Jones	Read Replies (2) of 99985

Technical Analysis Gurus: What are your opinions regarding us having put in a bottom for the broader market? Obviously, there is a big correction due for the glamour stocks. SPX touched 1277 (200 day EMA was at 1289). On August 10, the SPX bottomed just below it's 200 day EMA by 5 points and rebounded steadily until August 25 when it touched it's upper Bollinger band and began it's decline. Matt

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