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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Terry Whitman who wrote (27253)	9/25/1999 8:09:00 PM
From: Stephen M. DeMoss	Read Replies (1) of 99985

Whether bullish or bearish right now, the market is like a boxer who has been roughed up good and has internal bleeding. Its only standing because of the sector rotation and a number of blue chips representing those sectors. It (the market) may get up this week and may staggar around for weeks or even months. The fact is that it is in a delicate status and many factors (many of which we are not discussing) can cause it to come down hard and soon. The selling so far has not had a lot of volume associated with it. I will stay on the sidelines until I see the internets shed 20-30 in a day (ie. YHOO, EBAY) or 1.2 billion on the NYSE of down volume. Any way to get a current quote on the Yen versus the dollar? Does it trade over the weekend? Steve D.

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