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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

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To: eichler who wrote (79897)	7/10/2001 4:09:39 PM
From: Capitalist	Read Replies (3) of 99985

From my previous post: >>mid-1900s is where we should find support, looks like a very good chance of revisiting that level next week.<< Well, here we are...if we indeed overshoot the 1940 level, 1850 is the next stop. But in my opinion, that is the worst case scenario. Tomorrow should be interesting since the lull in news should mean we keep the downward bias, at least in the morning. If we do see a sell-off on the open, I'm planning on covering the last of my shorts, and will probably go with some cheap options on YHOO as a play on their earnings (they report after the bell tomorrow). The reaction to YHOO's earnings report will be an important indicator on how investors are likely to react to later earnings reports. Cap

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