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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 690.270.0%Dec 26 4:00 PM EST
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To: Doug who wrote (83217)6/7/2002 2:34:44 PM
From: Patrice Gigahurtz  Read Replies (2) of 99985
 
After the action today just maybe there is enough dough sitting in low yielding DCs that the holders are getting bored with and have decided (maybe ?) to take a chance and bet the Naz after its 70% tank or the S+P after hitting almost post 9-11 levels. DOW to me looks still vulnerable but the Naz and S+P to me are attractive and so I put some money to work in those indexs a few days ago. So my 2 cents is as long as CDs are very low % yielding there will always be monies on the side just itching to buy up the fire-sale techs.

Thanks
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