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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: Benkea who wrote (54803)6/21/2000 9:02:00 AM
From: Les H  Read Replies (2) of 99985
 
AUX is an interesting index at this time. It's down 7 days in a row. Ford (F) is down 6 days in a row. GM appears to be in the 5th wave down to perhaps 55. As bad as the automakers look, the auto parts stocks have touched or broken below their October 1998 lows. Too soon to tell when the next rotation occurs, if it does. AUX, RLX, FPP, CEX, etc. Wouldn't be surprised if a revised employment report in early July showing strong employment sparks a short-term revival in cyclical stocks.
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