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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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To: pater tenebrarum who wrote (47329)	4/19/2000 4:51:00 PM
From: Grandk	Read Replies (2) of 99985

Could an argument be made that states we have only had one 'true' bottom. The 'bottom' last week formed a hammer which stated the market's sentiment was bullish. The problem is, that also means there was no fear. SO my argument is, Tuesday's lows must be re-tested for a double bottom. However, this could be the final blow onto the investing psyche, and more psychological support areas are reached. 2900 seems to be the buzzword, and could be the fuel to get this meltdown started. BWDIK?

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