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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.69

+0.2%

Dec 5 4:00 PM EST

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To: donald sew who wrote (31873)	10/29/1999 7:15:00 PM
From: Lee Lichterman III	Read Replies (3) of 99985

I haven't had a chance to look at any charts yet. I would have been happier if the volume was on a doji or flat day though so it would show signs of churning. I was a bit suprised that the rally faded late in the day though as I figured if it was for real, there would be a rush to get in before the Monday morning gap up. I don't see what kind of news could come over the weekend to upset things and with J6P seeing this two day rally, there will probably be a lot of dumb money flooding in on Monday as they use their credit cards for cash advances afraid to miss out. The disturbing thing is the few I have looked at had about 33% retraces whch is fib territory. Fib retrace then rocket launch again Monday???? That will be OK by me, the higher it gets before the employment number the better<g> EDIT - Benkea - MSFT gapped up onthe open, I know, I was trying to buy it <g> Good Luck, Lee

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