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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

-1.1%

Nov 6 4:00 PM EST

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To: fedhead who wrote (42950)	3/14/2000 3:40:00 PM
From: bobby beara	Read Replies (2) of 99985

>>>>Geez we have a couple of days of profit taking and people are talking about bear markets<<< Anindo, several posters have commented on the bear market in the majority stocks since the 1998 top. talk about a bear market is not new. one sector going up by itself does not make a bull market, and definitely not the "motha of all bull markets" as James Dines, now the dot.com guru. If you look at the charts of the rising wedge rallies of the October 98 lows of both the banks and the transports, THESE ARE BEAR MARKET rally chart configurations. The whole rally off the 98 lows has been a bear market rally, guised by strength in one sector, all you have to do is look at the advance decline line. The Evening star on the nasdaq at 5000 is being confirmed today by a big black stick. Somebody commented on the lack of postings on the MDD thread, i believe the day we made the doji star -ggg- GET IT? b

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