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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: Haim R. Branisteanu who wrote (32798)	11/8/1999 1:03:00 PM
From: donald sew	Read Replies (2) of 99985

Haim, >>>> Interesting that no one is paying attention for the slow and steady recovery in crude oil prices and oil related stocks and the strong divergences in the SPX and NAZ. <<<< Heck, I was but missed an entry into the OSX. I wanted the OSX to get to the 67-68 range to get in - darnit. Steve (GONZO) made reference that there was a correlation between the OSX to the TYX. If the TYX moves back up to the 6.40% range, I think there will be a strong upswing in energy stocks. Haim, although many felt that there would be a strong selloff today, we may get a DOJI DAY instead which also has negative implications since DOJIs are signs of indecision and is common at short-term tops. seeya

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