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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: eichler who wrote (65728)	1/3/2001 6:45:42 PM
From: Mike M	Read Replies (1) of 99985

I just wonder, why NOW a bottom? Because the Fed lowered? That's it? End of story? Geeez, is it really that simple???? No one can convince me that it wasn't a 10 month inverted yield curve that got this market in trouble in the first place....OK....a grossly overvalued market helped...But I've never seen a market overcome IYCs and this was the first big step to rectify that... Also, we were within spitting distance of the bottom of the NAZ Bull channel. So, why not now?

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