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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.39

+0.5%

Nov 28 4:00 PM EST

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To: Boplicity who wrote (65897)	1/5/2001 1:49:33 AM
From: DukeCrow	Read Replies (2) of 99985

Who said anything about shorting, Greg? I was just pointing out the flipside of your argument. Sorry if I was unclear. As far as market direction, I'm going to wait a few days to see how the market digests the rate cut news. Remember that even with Wednesday's huge gains, the Nasdaq is now only up 96.31 points (3.9%) on the year; it's back to where it was 4 trading days ago. I'd like the Nasdaq to at least get back to where it was before the December Fed meeting -- 2696.61 -- before I am a believer in this rally. Ali

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