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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: bobby beara who wrote (29145)	10/12/1999 11:16:00 AM
From: donald sew	Read Replies (2) of 99985

Hi, During the previous selloff the NEW LOWs got into the 300 level, but it did impove to the the 130-150 range during this runup. I feel that if the NEW LOWs were able to get back to below 50 then that would have been a confirmation that an important bottom was set, but it really never got close. Its still early in the day, but it appear that the NEW LOWs are intensifying again to the downside. I could be wrong, but it is really hard for me to understand how many analysts can say that a bottom was set for sure without confirmation of the market internals. Im not saying that the previous bottom was not definitely an important low, just saying how can the analysts be so sure. Im not SURE OF ANYTHING!!!! seeya

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