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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: pater tenebrarum who wrote (27725)	9/28/1999 6:13:00 PM
From: bobby beara	Read Replies (3) of 99985

Heinz, even the the spx is at very oversold level - 9 day rsi at 30, i find it extremely encouraging to the bear case that the bulls are going yippe yahoo after every snap back rally -g- and they keep saying this is the bottom. And going contrary over the general consensus "low rates, no inflation" that has been bandied about for a long time even as the trend has changed Bond futures have turned back down off a declining topsline. tfc-charts.w2d.com and the CRB sliced thru 206 resistance. On the contrary, as Les note about the daytrading book, maybe all the newbie mom and pop daytraders can hold up the dow at it's 200 day moving average -ggggg- and maybe everybody can just make 25% a year or more ad infinitum -g- bb

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