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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

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To: el paradisio who wrote (47038)	4/17/2000 9:50:00 PM
From: John Pitera	Read Replies (1) of 99985

EP, sure thing, what was interesting is that the trading Index, (the Trin) Got all the way to 4.31 on Friday. There have been only 12 days since May of 1962 when we have seen readings higher than 4. Most were very close to significant bottoms. I am trying to decide if we'll need to be selling the rally, or not. I'm going to try to let the market tell me, instead of telling the market. the tick sure did not get down to the -1700 or -1800 we should have seen on the low. But then the SPX and DJIA were not as much of a problem as this 35% decline in the NASD. But then again, it was Nasd that had the monster run this past year. the market is giving bulls and bears both things to be happy at and pull their hair out with. -g- John

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