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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST
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To: pater tenebrarum who wrote (45376)4/7/2000 8:22:00 PM
From: fedhead  Read Replies (2) of 99985
 
Agreed. The pop in the NAZDAQ is probably due to expectations of a strong earnings season. The biotechs were
down today as well as the banks which might limit the upside
of this rally till earning season passes. However too many
people are expecting a retest of the lows to buy and the
market rarely obliges. So either we will have a retest of the highs (not too many people expect that) or if there is
a retest of the low , it won't be successful and we go much
lower.

Thanks
Anindo
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