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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Andy H who wrote (45929)	4/13/2000 10:17:00 AM
From: el paradisio	Read Replies (2) of 99985

Andy, I have p/c .57 reading,but maybe yours are more accurate.When I talk to average investors, I can't admit they are bearish at all.Everything is pointing for at least a pause, and from here the next decision will come. I am not able to make any long forecast in the present situation.What I know for now,that consolidation in 3650- 3900 is necessary!If we junp right away above 4000 and we will hold it,I will be more easy to consider 5000. As you know,Tech issue is getting some bust only around the fall. For now, The best I can see is 4250,maybe 4350. To early to make any conclusion. The recent upleg was definitely to long in my view. BTW,excellent post last evening! el

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