MDA - Market Direction Analysis Message Board

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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: t2 who wrote (76800)	5/10/2001 8:40:26 PM
From: bobby beara	Read Replies (1) of 99985

There is no other way to explain the selloff today. >>>>> nv, hard to guess what happened today, or yesterday after the gap down on csco earnings and the rebound in the naz, the naz after topping on 4/19, has narrowed into this 50 point range and todays volume was lighter than yesterday, supply and demand have reached equilibrium, since this thing is a volitility gorilla, wouldn't expect it to go dormant like this to long, there are arguments on both sides for which way this thing will break. from a chart perspective, Zeev has a valid point, that the nasdaq trend intermediate term is bearish (over one year), the fundamentals are bearish, the intermediate term trend is very strong and a change of trend is in the show me stage. b

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