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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: HairBall who wrote (60915)	10/18/2000 9:56:25 PM
From: Gary Burton	Read Replies (1) of 99985

My 2c --We are now in a wave 4-which may be complete by Friday/Mon--and after that one more new low for this move on most of the indeces--sox, spx, dj,naz-----dj to bottom out approx 9400-9500 eg----2875 on Comp is a gap to be filled?-----various Fib time dates are all clustering around Oct27-Oct31 area for end of this phase of the Bear----summary---One more shot down across the board------ps MSFT has likely bottomed (going out on a limb here obviously-went long this am at 50 so who knows). maybe same with INTC. Maybe a classic Wave II correcting of a multi year Big Bull run. At the 48.44 low this morning MSFT had retraced approx 62%, would you believe.-textbook elliott if it turns out to be the case

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