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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.03+1.0%Nov 21 4:00 PM EST

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To: Berney who wrote (27287)9/26/1999 2:44:00 AM
From: bobby beara  Read Replies (1) of 99985
 
Berney, i don't follow the GE non confirm hypothesis, because i believe that the thinning nifty market will squeeze the money into the remaining quality issues and that is what has happened. The a/d lag is in a synonymous time frame of the 29 and 73 & 87 top, nothing new has ever been invented, there are no new eras, they just give everything a new name to confuse everybody. When the crowd reaches the decision point to sell, they will all be piled in the narrow number of issues that brought them there, and in panic october cycles they all make that decision on the same day or over a week.

That's my Larry tightening bias, look at the chart and think about it, the federal reserve has never in it's history been so communicative about it's intent (other than in this very nervous superovervalued market that has surpassed historical precedent 1929 Fed Chairman Warbug's "irrational speculation" speech of the winter of 29 and his new era partner's "irrational exhuberance" speech by three years)

hard hats and flak jackets are the fashion du jour.

bb
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