MDA - Market Direction Analysis Message Board

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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: bobby beara who wrote (80606)	7/20/2001 11:07:03 AM
From: Zeev Hed	Read Replies (2) of 99985

Two counter trends here, NDX has very little (about 28) above 200 DMA, a sign of extreme pessimism), and expiry keeping the market today between 2000 and probably 2050 (maybe still that magic 2078?). I view this period as distribution, but other may view it is as accumulation, we will know next week if the Rydex index is right or not (g). The fact that the quintet broke so bad this week including the breach of $47 for QLGC) indicate to me I have a good chance of being right... Zeev

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