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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.76-1.1%Dec 12 4:00 PM EST

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To: t2 who wrote (80828)7/24/2001 3:12:30 PM
From: bobby beara  Read Replies (1) of 99985
 
nv, there are still a lot of stocks bunched in that little trading range, rydex went below the sentiment #'s of july 11th bottom yesterday and should should some more capitulation today, so traders as indicated by this ratio and put/call ratio are pretty bearish,

however we have yet to see the regular media make any hoopla out of this downleg, the way they did around the december bottom and the march bottom, i'll have to dig up helene meisler's story about the "larry king" indicator -g-,

so we could bottom here near the bottom of this ndx triangle and stay in the range or we could break down and get some fireworks that will make the front page, which is my preferred idea for now, we need to get some kind of reversal stick today or tomorrow, to go to plan b.

b
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