MDA - Market Direction Analysis Message Board

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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: HairBall who wrote (66883)	1/15/2001 3:20:06 PM
From: FR1	Read Replies (2) of 99985

Never is the wrong word. never say never. I just think it is easy to get lost in analysis. Here is a TA you might enjoy: ddc.net What I am trying to say is that there is fundamental analysis (common sense) and technical analysis. I prefer way more fundamental and technical. The TA charts show a trend toward a near term bull leg. In common sense, the FED rules. The FED has stated that it is starting its rate cuts. Historically, this is the end of the bear market and the beginning of the bull. It usually takes two cuts to really get going. Given that this is a earnings month with tomorrow really getting things going, you would expect some choppy going as people look for the best growth stocks and CCs. By the end of the month the FED meets for the second cut and earnings are over. So that should really start the naz going up. If the FED was crazy enough to turn bear at the end of January, all those TA charts would be meaningless.

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