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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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To: Jacob Snyder who wrote (52309)	5/27/2000 12:13:00 AM
From: American Spirit	Read Replies (1) of 99985

IMHO time to get bullish again. This huge correction has gone on long enough. The new story on slower growth combined with the fact that the Fed never raises 3 months prior to an election probably means rate hikes are finished for the year. In this case race out and grab the bargains while they're there. Of the ones I follow closely (and there are many more), T, SUNW, QCOM, LOR, UIS, all retailers esp ANF, VOD, MSFT, COMS etc. Many of these stocks were previously trading 200-300% higher. Yet bears are still predicting more downfall. Why? Just momentum. But momentum changes like the wind. Just look at what happened when the Naz was over 5000. Now it's at 3200. I see it going back to 3800-4000 before summer's end. Just a feeling I've got. Take it for what it's worth.

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