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Strategies & Market Trends : MDA - Market Direction Analysis

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To: mishedlo who wrote (81051)	7/31/2001 9:27:51 AM
From: Boplicity	Read Replies (2) of 99985

I haven't shifted gears. The Dow, S&P 500, and NAZ made firm bottoms in April we might even test them, that would be good then we might get out of the range bound market we are in, but I don't think a test is in the cards, therefore the sideways call. I have been saying for a couple of months now that the market will be going sideways for sometime. What I was trying to point out last night is that during periods like we have now keying on the averages will only serve to exercises your yawning muscles and there are many stocks to be had, that have moved solidly off the bottom or are starting to move now, and will continue to move while the market bases. Do you remember me saying the market was going to enter into a base building period many moons ago? That's what we are in now, and I feel we will be in this type of market that is ranged bound for sometime. B

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