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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.48

+0.3%

Nov 5 4:00 PM EST

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To: IndexTrader who wrote (60596)	10/14/2000 9:06:31 AM
From: Gary Burton	Read Replies (1) of 99985

Index--that is why we need to go lower towards 2500 on the Comp---Friday into mid next week is a bear mkt rally---a (b) of an abc part of C to complete a 3-3-3 double zigzag----The DJ could go lower towards 9500 as a 5th wave of its C (3-3-5 Flat from Jan top) since its B Wave almost reached the top (ub contrast to the Naz)--so we end up in the same end position---one more hard shot down all around in next 2 weeks?

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