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Strategies & Market Trends : MDA - Market Direction Analysis

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Dec 4 4:00 PM EST

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To: ahhaha who wrote (61631)	10/31/2000 1:54:54 PM
From: Zeev Hed	Read Replies (1) of 99985

Shoulda-coulda does not really count too much in this game. The low in August 82 was a typical contrary low, a paucity of new highs and a preponderance of new lows, followed by a string of three days when the tic run above 1000, a signal that the fed's, or whomever (may be the ridiculously low valuations?) succeeded in changing the market's direction and ending what was in essence a 16 year old bear market (interrupted every so often with nice bull moves until in 1979, the nifty fifty finally started to collapse) in which the Dow was unable move out of the 500 to 1000 range. Zeev

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