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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: pater tenebrarum who wrote (28594)	10/6/1999 7:16:00 PM
From: bobby beara	Read Replies (1) of 99985

Heinz, imo the market ignores interest rates, which is dangerous , just as the market ignored many great earnings reports and sold the news at the July top which was bearish, the market is now ignoring bads news and rallying which is bullish, of course it will run out of buyers at some time, just as they ran out of sellers off the july top on 8/10. Referring back to the mccllelan oscillator chart the market has been under siege since the april top, a relief rally, which could turn into a blow-off is not out of the question. bb

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