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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.10

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Jan 23 4:00 PM EST

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To: American Spirit who wrote (76517)	5/4/2001 1:34:33 PM
From: t2	Read Replies (1) of 99985

A.S. Also noticed that Bill Meehan on realmoney.com is still buying QQQ puts; I believe he was also buying on Wednesday too. Bill is another bear along with Tod Harrison who had the bear market all figured out--they get lots of credit for that. There must lots of others like them if these two are a representative sample of the real smart bears of the past few months. That means the bears are not throwing in the towel yet...and that could be bullish if the market resumes the upward trend today. (the ideal would be recover yesterday's losses and make some net gains) Wonder if Bill still posts on the "bozo" thread. He actually called the rebound off the lows in Naz--a great call from a bear. Just hope he is wrong this time and I bet he is. Like i stated a few days ago, the best bear market traders are the best contrarian indicators if one believes this is a new bull market.

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