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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: eichler who wrote (78426)	6/11/2001 2:25:32 PM
From: Boplicity	Read Replies (2) of 99985

ok, my mistake, still some turn into punks when the get their bear like mind fed. I too have felt the market was turning. I for one am trying to come to terms for the reason. While JNPR warning got the ball rolling, that alone is was a weak reason. So I'm torn between a market that was overbought, to one that is running scared for lack of reason at all, to one that just completed a massive distribution, all long with an underlining conviction of a new bull market that was born in April. It times likes this I just watch and let the market tell me what is happening. The vol. going through the neckline and follow through if there is any will be the tell for the bears. I little SI indicator that I like to use is the how traders move to individual stock threads. I don't see that happening yet. So, we are no where near saturating the market with buys, or sells for that matter. Will 2150 hold? more important then that is 2000. B

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