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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: eichler who wrote (80074)	7/12/2001 3:15:46 PM
From: bobby beara	Read Replies (2) of 99985

sandspring has a variation on my wave count that allows for a rally here and a new low afterward, he is placing yesterday's low as wave 3 down and we are in a corrective wave 4. sandspring.com i don't agree with it though, my version of rydex ratios got to 42% bullish yesterday, it got down to 37% bullish on april 4th and only stayed below 40% a couple of days leading into april 4th. the dow has a falling wedge and if the rally continues and breaks the top trendline i would consider this an end to this leg down from may 21st, and a new leg up, that could retrace at least some if not all of the move down from there, we are sitting on the trendline now. the nas has 83% upside volume right now, and 2/1 a/d, i think this should break the mclellan nas oscillator above zero, initiating a 2nd cross attempt buy spike, we'll see -g- some entertainment while were waiting to see who wins -g- gilligansisle.com

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