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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Boplicity who wrote (65964)	1/5/2001 11:05:22 AM
From: Zeev Hed	Read Replies (1) of 99985

a was relating to the expected rally after the May low, and we got it in spade. As for b, I still think that there are some major sectors (particularly th Dow) which are quite overvalued as well as many in the QQQ. I would say that BC talk about the big R was exactly directed at "cleaning" the slate early. Don't forget that thing was written April 17th, things do change and the major exogenous effect since has been the indecissive election. This "wrecked" the November time table for a rally (well we had one but it failed much earlier than anticipated in April). Zeev

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