MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

4:00 PM EST

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To: American Spirit who wrote (43132)	3/15/2000 7:41:00 PM
From: Crimson Ghost	Read Replies (1) of 99985

Well today value soared as growth got hit. Make no mistake. The reason for the jump in value was the big drop in crude and expectations for more of the same. I expect value to rally considerably further the next few weeks with the Dow approaching 11,000 again. VIX at 25 allows for considerably more "old economy" upside before euphoria sets in. But nice is this rally is and will be, it is NOT a new bull market. The pending drop in crude back to $25 (or lower) is the final harrah for the bulls the way I see it. Recent lows will be tested again this spring. So enjoy the rally but don't hang around too long.

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