MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: Bruce Brown who wrote (77141)	5/17/2001 3:51:17 PM
From: t2	Read Replies (1) of 99985

Expected the market to bounce big in the morning but drop afterwards. It dropped. However, the way it came back a couple of times after dropping is a sure sign that the DIPS are being bought today. Great sign. Wondering if the options games are somehow trying to keep the market under control. That is more reason to stay bullish on market...especially the Nasdaq. I am staying long on techs. Tomorrow might not provide a clue to the direction of the market but if by chance the Naz goes down tomorrow, I am going to buy aggressively late tomorrow, ahead of the expected bounce Monday and dump Monday. (as "impristine" just responded to to this post.."flip the dip").

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