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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
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To: gfs_1999 who wrote (74708)4/11/2001 3:45:29 PM
From: Crimson Ghost  Read Replies (1) of 99985
 
Hays has changed his take. The spring drop was a lot worse than he originally projected. Now say we have hit THE BOTTOM. He places great store by the NYSE ARMS index which hit the 1.5 level in late March -- a reading that he claims has always signalled an imminent trough in the past.
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