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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

Nov 20 4:00 PM EST

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To: pater tenebrarum who wrote (33188)	11/11/1999 4:29:00 PM
From: donald sew	Read Replies (2) of 99985

Heinz, >>>> the CNBC Nasdaq reporter just said traders were telling him they get people putting in orders with the words "i don't care about price, just get me into the stock"...this is symptomatic of a blow-off. everybody throws caution to the wind... <<<< I heard that also. The market internals are deteriorating gradually with the Decliners greater than Advancers and the the NEW LOWs above 100 again. Well it looks like your 11/15 top may be on target. If the labor report is good, should be some more followthru to the upside into Monday. However, the next trough should still be a good buying opportunity. You also mentioned the 12/4 cycle low, which would imply a 12 day downswing. I have 9 days putting a cycle low on 11/30 assuming 11/15 as the top. Close enough. Early DECEMBER should start some sort of a XMAS rally, which is statistically tradeable to the upside. That XMAS upcycle should give a clue to future. Actually, Im not seeing any major downside until next spring, unless motivated by substantial news. seeya

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