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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.92

-0.7%

Dec 31 4:00 PM EST

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To: Daveyk who wrote (70233)	2/23/2001 11:13:30 AM
From: Kemo Sabe	Read Replies (1) of 99985

Dave: I would not characterize the markdown in OTC share prices as a crash. It really has been more of a methodical selloff with intermitent rather large down days. There's been no collapse, except intra-day in April last year - which bounced back handily prior to the close. If the COMPX were to collapse, you could hardly pick a better spot for it to do this than right now. We're right at the lower trend line coming off last April's lows. We're right at April '99 price bottom levels. Investors are consumed with getting out & asking questions later (can't say as I blame them). With the monthly stochastics basically on zero (regardless which set of variables you choose to use), the stage is set for that collapse to happen. Will it? Heck if I know??? Wish I had the answer. Kemo Sabe

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