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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Stephen who wrote (63111)	11/25/2000 9:41:16 PM
From: eddieww	Read Replies (2) of 99985

Well, if Les's Ameritrade #s are right and 80% of j6p was selling, somebody was on the other end of those trades. Granted, it was a low volume/hour day, but virtually everything on my 'weekend look list' was up, and that is a lot of mid and large cap naz stuff. I wouldn't mind a bear rally myself, and thought we might get a resolution of the election mess to provide one, but now it looks unlikely on that score. We need, and may get, a small technical rally anyway. It often seems that the TA drives the rally, and some "reason" is rationalized for it and attached after the fact. Same thing for drops. Good trading to all.

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