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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Gary Burton who wrote (64428)	12/16/2000 7:26:30 PM
From: Stcgg	Read Replies (1) of 99985

Fib Turn Date.. Gary, the Elliott Wave also forcasts timing by the fib cycle dates and it's been pretty accurate lately.. They said 12/11 would be a hi and 12/25 a bottom.. I believe this is true on Dow/S&P as the charts indicate, not Nasdaq, but if we continue down (Tuesday forward), support remains at 2100-2300 and would be a significant bottom.. I still think Nas will rally on Monday in an oversold bounce and as an FOMC pre-rally.. >><<

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