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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: Haim R. Branisteanu who wrote (76895)	5/12/2001 11:08:55 AM
From: eichler	Read Replies (1) of 99985

Greetings Haim, I see we were thinking the same thing on that Y2K, energy crisis comparison. ggg (there's hope for me yet!) A preponderance of sell signals on the computer scan... charts looking kinda scary (potential sell off mode) for next week. I had been considering various scenarios for the expected fed move with a rally into the meeting, a sell-off after / a sell-off into the meeting, a rally after....I think these are the main scenarios being tossed about, I think based on the old adage "buy the rumor, sell the fact" and it's reverse. It occurs to me that with many expecting a rally before or after.....how devious it would be if there was no rally at all! The daily index charts seem to support near-term weakness and it sure looks like a re-test of the lows looms directly in front of us... How do you see the possibilities playing out near-term? Would appreciate your insight. Thanks in advance, Regards, Eichler

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