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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

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To: American Spirit who wrote (79608)	7/6/2001 11:20:31 PM
From: bobby beara	Read Replies (2) of 99985

dood, you should listen to the talking heads in the govt. and the media as contrary indicators, when they have recognized the trend it is usually ending. i've posted numerous times over the last coupla years they wanna put SS in the stock market is a contrary indicator, plus the repeal of glass=steagall. the world economy was topping in 2000 and so was the demand for energy, all economies are contracting now, the next piece of this puzzle is where will this contraction end. biz.yahoo.com the casino sector has been one of the hottest sectors lately and got killed today, showing the consumer economy is flagging. i also see a lot of topping patterns in the computer gaming area which have been hot lately, i think the eventual bottom will be characterised by extreme bearishness, beyond that of april 4th, it may not happen on an extreme price low, but after weeks or years of churning with no upside momentum and all the permanent buy and hold bullz give up, something like 1982, when the death of equities biz week cover hit the newsstands.

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