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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST
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To: HairBall who started this subject3/21/2001 10:08:05 AM
From: gfs_1999   of 99985
 
If the Yearly Chart turns down this year we have two targets
for this year's low. The first, and most generous, would be in
the area of 9280 in the Dow. We frankly consider that to be a
minimum. The second, and most probable, would be down near or
below 6960. If that second target is met, keep in mind that it
would take some time for prices to reach that area, and there
would be numerous extremely strong rallies along the way.
Many of those rallies will be strong enough to convince most
investors the Bear Market is over.
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