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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: Boplicity who wrote (70200)	2/23/2001 9:38:19 AM
From: JRI	Read Replies (4) of 99985

Greg- How can market succeed today (short of Fed intervention?)....if the Naz breaks 2185....we are going to 2050 or below....Let's say we hold 2185, and rally out...and get green during day....Who is their right mind would risk holding over weekend and risk gap down Monday? Hardly anyone...So, any rally gets sold today....that means continued weak technical picture, with a deterioration of S&P, and Dow taking place..... Today, Monday could be very ugly....Market doesn't go up until Greenspan gets involved, and changes psychology here.....otherwise, bad earnings dominate, and we go down, IMO BTW- H&S on Qcom..

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